Brainerd Medical Center Inc

Analysis

Brainerd Medical Center Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in December 2007, 19 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 June 2023, Brainerd Medical Center Inc reported income of $24.8m and spending of $25.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.5m to $24.8m (+60%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brainerd Medical Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Memorial Hospital of Boscobel ($24.8m), Axess Family Services Inc ($24.8m) and Greene County Health Care Incorporated ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $316k (1.2% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $12.4m against liabilities of $56.8m, net assets of -$44.4m. It reported 196 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.