Sanford

Analysis

Sanford is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Sanford reported income of $13.7m and spending of $44.3m, spending 324% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.1m to $13.7m (+564%), an average of +88% a year. The sharpest change came in the year to December 2020, when income rose by 323%. Over the whole period it spent 713% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sanford 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 SD. Charities of a similar size with the same main cause include Integritus Healthcare Management Services Inc ($13.7m), Odyssey Inc ($13.7m) and Madison County Hospital Health Systems Inc ($13.7m).

Compensation of current officers, directors and key employees was $23.6m (53% of expenses). At year end it held assets of $430.0m against liabilities of $1.26bn, net assets of -$825.4m. It reported 33,172 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.