Essentia Institute of Rural Health

Analysis

Essentia Institute of Rural Health is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover medical research, 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, Essentia Institute of Rural Health reported income of $11.6m and spending of $11.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $11.6m (+15%), an average of +3.6% a year. 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, Essentia Institute of Rural Health sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include ALS Therapy Development Foundation Inc ($11.6m), Marshall-Jackson Mental Health Board Incorporated ($11.6m) and Institute for Health and Recovery Inc ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $315k (2.7% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $5.6m against liabilities of $1.1m, net assets of $4.5m. It reported 111 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.