Innovis Health LLC

Analysis

Innovis Health LLC is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in November 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Innovis Health LLC reported income of $571.6m and spending of $589.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $390.4m to $571.6m (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Innovis Health LLC sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within ND. Charities of a similar size with the same main cause include Henry M Jackson Foundation for the Advancement of Military Medicine ($570.4m), Trustees of Mease Hospital Inc ($572.2m) and Benefis Hospitals Inc ($570.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $8.0m (1.4% of expenses). Other salaries and wages came to $236.4m. At year end it held assets of $320.6m against liabilities of $351.2m, net assets of -$30.6m. It reported 3,127 employees.