Health Care (E120) IRS Verified DX Registered 990 on File

MULTICARE FOUNDATIONS

EIN: 91-1514257 · TACOMA, WA 98415-0299 · United States · FY 2024 Data

3 out of 5 42 / 100 Based on 2+ years of filings

Financial strength (30%) 62/100

Reliability (20%) 55/100

Effectiveness (25%) 51/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

MultiCare is on a mission to build healthier communities. Our mission is defined by partnerships and powered by generosity through the MultiCare Foundations, a group of local, community-based 501(c)3 organizations dedicated to supporting MultiCare’s adult hospitals, clinics, programs and services in the Pacific Northwest.

Financial Overview — FY 2024

$17.8M

Total Revenue

$8.9M

Total Expenses

$90.1M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 52.3%

Fundraising Efficiency 289.1%

Operating Reserve 121.52x

Liability-to-Asset 2.1%

Revenue Diversification 53.2%

Compared with Peers

FY 2024

Compared with 3,080 similar organizations (United States, Health Care, $1M–$10M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	52.3%	84.8%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	17.8%	11.6%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	30.0%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	289.1%	102.7%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	121.5 mo	9.9 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	2.1%	13.5%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	53.2%	91.1%	P10P90	Top quarter
Revenue growth Year over year revenue growth	10.0%	8.1%	P10P90
Expense growth Year over year expense growth	15.3%	7.2%	P10P90
Surplus margin Surplus as a share of revenue	50.1%	2.4%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$17.8M	$8.9M	$90.1M	52.3%	13
2023	$16.2M	$7.7M	$73.1M	62.5%	12
2022	$13.5M	$10.6M	$62.9M	56.8%	4
2021	$20.1M	$10.1M	N/A	—	4

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Organization Details

EIN: 91-1514257
State: WA
City: TACOMA
ZIP: 98415-0299
Classification: E120
Category: Health Care
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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