MULTICARE HEALTH SYSTEM
PO BOX 5299 MSC 1313-5-HP, TACOMA, WA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $5,011,395,222 | $5,018,628,005 | $3,001,120,154 |
| FY2023 | $4,500,119,544 | $4,497,628,502 | $2,885,548,502 |
| FY2022 | $4,302,865,545 | $4,247,451,115 | $2,829,075,220 |
| FY2021 | $3,884,628,307 | $3,696,619,413 | $3,305,332,981 |
| FY2020 | $3,352,640,659 | $3,244,135,092 | $3,013,647,527 |
| FY2019 | $3,239,930,611 | $3,114,891,357 | $2,732,769,539 |
| FY2018 | $2,930,199,547 | $2,753,453,188 | $2,430,175,824 |
| FY2017 | $2,365,046,085 | $2,195,849,957 | $2,428,027,234 |
| FY2016 | $1,967,198,602 | $1,854,908,380 | $2,088,390,688 |
| FY2015 | $1,967,549,896 | $1,759,172,285 | $1,912,574,290 |
| FY2014 | $1,943,519,321 | $1,695,748,766 | $1,767,380,543 |
| FY2013 | $1,898,550,376 | $1,676,362,025 | $1,677,462,344 |
| FY2012 | $1,728,805,322 | $1,521,433,022 | $1,272,928,385 |
| FY2011 | $1,375,240,436 | $1,331,270,975 | $1,008,737,139 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $108,924,556 | 2% |
| Program service revenue | $4,795,052,090 | 98% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $4,172,313,760 | 83% |
| Management & general | $846,314,245 | 17% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 98% of total revenue in FY2024.
- Program services accounted for 83% of functional expenses, management & general 17%, and fundraising 0%.
- 83% of functional expenses went to program services in FY2024. That is higher than 47.6% of 84 Health Care organizations in WA.
- Net assets covered about 7.2 months of expenses at the end of the reporting year. That puts it in the 34th percentile among 401 Health Care organizations in WA.
- Total revenue was higher than 99.8% of 406 Health Care organizations in WA.
- Total revenue rose from $1,375,240,436 in FY2011 to $5,011,395,222 in FY2024, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2024).
- Net assets grew from $1,008,737,139 to $3,001,120,154 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
MULTICARE HEALTH SYSTEM'S MISSION IS PARTNERING FOR HEALING AND A HEALTHY FUTURE.
IRS status
| Ruling year | 1991 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in WA) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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