Amery Regional Medical Center Foundation Inc

Analysis

Amery Regional Medical Center Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1992, 34 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 (donations from the general public) 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 Foundation Inc reported income of $476k and spending of $3.3m, spending 689% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $476k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 224%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amery Regional Medical Center Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Healthy Nevada ($475k), Society for Hematopathology ($476k) and The New Jersey Institute for Medical Research and Education Inc ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $5.2m against liabilities of $3.3m, net assets of $1.9m.