Polinsky Medical Rehabilitation Center

Analysis

Polinsky Medical Rehabilitation Center is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 1951, 75 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, Polinsky Medical Rehabilitation Center reported income of $11.6m and spending of $13.7m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.0m to $11.6m (+5.1%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 18%. 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, Polinsky Medical Rehabilitation Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include North Texas Healthy Communities ($11.6m), Homeassist Health Inc ($11.6m) and National Psoriasis Foundation ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $13.7m against liabilities of $41.1m, net assets of -$27.4m. It reported 161 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.