Sanford Health Foundation

Analysis

Sanford Health Foundation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sanford Health Foundation reported income of $191.1m and spending of $48.8m, leaving 74% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $41.8m to $191.1m (+357%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 236%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sanford Health Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SD. Charities of a similar size with the same main cause include Givewell Community Foundation Inc ($189.5m), Oregon Community Foundation ($192.6m) and The Seattle Foundation ($186.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $1.20bn against liabilities of $100.5m, net assets of $1.10bn.