Amery Regional Medical Center Inc

Analysis

Amery Regional Medical Center Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in January 1958, 68 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Amery Regional Medical Center Inc reported income of $81.9m and spending of $75.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $63.2m to $81.9m (+30%), an average of +6.7% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Amery Regional Medical Center Inc 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 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Multipurpose Arena Fort Worth ($79.8m), University of Louisville Athletic ($137.0m) and Mountain West Conference ($78.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $236k (0.3% of expenses). Other salaries and wages came to $43.3m. At year end it held assets of $61.9m against liabilities of $20.1m, net assets of $41.8m. It reported 477 employees.