Providence Health System Southern California: $2.2B Revenue, $2.3B Expenses
Seattle, Washington · EIN 510216589 · Filing year 2023
Providence Health System Southern California reported $2.2B in total revenue, $2.3B in total expenses, and $2.5B in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: C (63/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $2.2B
- Total Expenses
- $2.3B
- Total Assets
- $2.5B
- Reserve Months
- 13.1 months
- Surplus / (Deficit)
- $-127,006,066
- EIN
- 510216589
- Latest 990 Year
- 2023
- Current-Officer Compensation
- Not reported
- Officer Comp % of Revenue
- N/A
The composite efficiency score of 63/100 puts Providence Health System Southern California at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).
Providence Health System Southern California operates at corporate scale — $2.2B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). On the reserves factor, Providence Health System Southern California scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).
Five-year revenue has grown modestly. Providence Health System Southern California is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Providence Health System Southern California 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.
How Providence Health System Southern California Compares
Providence Health System Southern California earns a NonprofitTruth efficiency grade of C (63/100). That is 15 points below the Health category average. The organization holds 13.1 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Providence Health System Southern California reported $2.2B in revenue against $2.3B in total functional expenses for filing year 2023, holding roughly 13.1 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
Revenue History
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Providence Health System Southern California has a NonprofitTruth Efficiency Score of C (63/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Providence Health System Southern California, Donor FAQ
Providence Health System Southern California has a NonprofitTruth Efficiency Score of C (63/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Current-officer compensation for Providence Health System Southern California is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.
Providence Health System Southern California reported $2.2B in annual revenue and $2.3B in total expenses for filing year 2023. The organization holds $2.5B in total assets.
Providence Health System Southern California holds approximately 13.1 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
Providence Health System Southern California is a registered 501(c) organization with EIN 510216589, based in Seattle, Washington. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.