Park Nicollet Health Services

Analysis

Park Nicollet Health Services is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in June 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Park Nicollet Health Services reported income of $180.1m and spending of $190.4m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $136.7m to $180.1m (+32%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Park Nicollet Health Services sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include BMH Inc ($179.9m), Cullman Regional Medical Center Inc ($180.5m) and Bozeman Deaconess Health Services ($179.2m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $10.4m (5.5% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $654.0m against liabilities of $673.7m, net assets of -$19.8m. It reported 11,316 employees.