Swedish Covenant Hospital Foundation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 24% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
See Schedule O
- Income
- $9.5 million
- Spending
- $915,979
- Spent on programs
- 24%
- Reserves
- Over 10 years of spending
- Largest source of income
- investment income, 83%
- Employees
- 0
- Volunteers
- 9
- Highest pay
- $5.2 million, system president and ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 64% of charities in its peer group (health care, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 90% of income.
Income trend
15 of 15Income rose 164% on the year before.
Spending floor
0 of 1524% of spending went to programs and raising each dollar of donations cost 19 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 38% of charities in its peer group (health care, $1m to $10m).
Independent board
25 of 258 of 12 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $222,189 spent. Swedish Hospital Foundation raises funds to advance the mission and strategic goals of Swedish Hospital, a non-profit, teaching hospital. We cultivate philanthropic partnerships to enhance the health and well-being of our culturally diverse community. With the support of our donors, Swedish Hospital provides compassionate and comprehensive care to thousands of patients across our community. Charitable gifts make a positive impact on our patients through the Hospital's programs and initiatives. Over the course of 2024, the following has been accomplished: - 260 survivors of domestic violence, 82 survivors of sexual assault and 14 survivors of human trafficking have been identified and assisted through the Pathways Program. 1,017 medical providers, staff and community members have been trained to respond to those experiencing violence. - More than 1,400 women received free breast cancer screenings and diagnostics through the Community Breast Health Program. - Over 450 mental health counseling sessions were provided to low-income women through the Women's Care Fund. - More than 100 uninsured patients received emergency prescription medications through the Helping Hands Fund. - More than 300 patients served through the Food Connections program. - 630 patients in need received food packages at discharge. - 42,453 lbs. of food was distributed to patients and community through The Cupboard (food pantry). - 9 scholarships were provided to Swedish nurses through the Nursing Education Fund.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Worth knowing.
Not individually listed by the IRS as eligible, which is usual for churches. The master file records contributions to it as deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Worth knowing.
The IRS does not require this organization to file annual returns.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1975.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.