Farmington Health Services

Analysis

Farmington Health Services is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Farmington Health Services reported income of $13.2m and spending of $13.5m, spending 102% of its income. Across the 6 years on record, from June 2019 to September 2023, income grew from $8.3m to $13.2m (+60%), an average of +9.8% a year. The sharpest change came in the year to September 2020, when income rose by 374%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Farmington Health Services sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Lake Whatcom Residential & Treatment Center ($13.2m), Tabor Hills Health Care Facility Inc ($13.2m) and Willowood of Great Barrington Inc ($13.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $6.8m. At year end it held assets of $20.5m against liabilities of $19.4m, net assets of $1.1m. It reported 271 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.