Essentia Health Foundation

Analysis

Essentia Health Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in October 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, Essentia Health Foundation reported income of $5.5m and spending of $4.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.3m to $5.5m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Essentia Health Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Madison House Autism Foundation Inc ($5.5m), Turning Point Behavioral Health Care Center ($5.5m) and Genesee Health Plan ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $277k (5.8% of expenses). Other salaries and wages came to $909k. At year end it held assets of $36.7m against liabilities of $3.1m, net assets of $33.6m. It reported 14 employees.