Central Minnesota Diagnostic Inc

Analysis

Central Minnesota Diagnostic Inc is a registered charity in United States, based in Milaca, MN. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Central Minnesota Diagnostic Inc reported income of $48.6m and spending of $32.8m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.6m to $48.6m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Minnesota Diagnostic Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include St Joseph Physician Associates ($48.6m), Dimock Community Foundation Inc Group Return ($48.6m) and Wheaton Franciscan Healthcare-Iowa Inc ($48.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $62.2m against liabilities of $12.2m, net assets of $50.1m.