Providence Health & Services Washington: $9.8B Revenue, $10.1B Expenses

Providence Health & Services Washington grades a B on the NonprofitTruth efficiency rubric. 79/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

On revenue, Providence Health & Services Washington is among the largest U.S. nonprofits: $9.8B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Financial health is a strength: Providence Health & Services Washington carries a healthy operating-reserve cushion against $10.1B in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Five-year revenue trajectory is strongly positive: Providence Health & Services Washington has grown materially in real terms, which usually signals successful fundraising and program expansion. Officer compensation is modest relative to organizational size: Providence Health & Services Washington reports $52.2M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $9.8B in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Providence Health & Services Washington is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.