St Marys Innovis Health

Analysis

St Marys Innovis Health is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Marys Innovis Health reported income of $7.5m and spending of $5.9m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $7.5m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Marys Innovis Health sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Christian Care ($7.5m), St Josephs Health at Home Inc ($7.5m) and Four Corners Primary Care Centers Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $725k. At year end it held assets of $4.7m against liabilities of $2.0m, net assets of $2.7m. It reported 12 employees.