Ucare Minnesota

Analysis

Ucare Minnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1989, 37 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 2023, Ucare Minnesota reported income of $6.16bn and spending of $6.28bn, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.74bn to $6.16bn (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ucare Minnesota 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 MN. Charities of a similar size with the same main cause include Kaiser Foundation Health Plan of the Mid Atlantic States Inc ($5.88bn), Adventist Health System Sunbelt Inc ($6.25bn) and Indiana University Health Inc ($5.75bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $168k (0.0% of expenses). Other salaries and wages came to $156.8m. At year end it held assets of $1.91bn against liabilities of $803.5m, net assets of $1.10bn. It reported 1,813 employees.