Fairview Bethesda Hospital

Analysis

Fairview Bethesda Hospital is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1987, 39 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, Fairview Bethesda Hospital reported income of $50.8m and spending of $48.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $109.9m to $50.8m (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairview Bethesda Hospital 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 Marys Sacred Heart Hospital Inc ($50.8m), Lupus Research Alliance Inc ($50.9m) and Concordia Visiting Nurses ($50.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 90% of the total. Other salaries and wages came to $24.3m. At year end it held assets of $42.2m against liabilities of $188.3m, net assets of -$146.1m.