Saint Elizabeths Hospital of Wabasha Inc

Analysis

Saint Elizabeths Hospital of Wabasha Inc is a registered charity in United States, based in Wabasha, MN. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2022, Saint Elizabeths Hospital of Wabasha Inc reported income of $43.7m and spending of $43.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to December 2022, income grew from $35.6m to $43.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Elizabeths Hospital of Wabasha Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Krucial Rapid Response Inc ($43.6m), Banyan Community Health Center Inc ($43.7m) and Deer River Health Care Center Inc ($43.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $778k (1.8% of expenses). Other salaries and wages came to $22.7m. At year end it held assets of $24.0m against liabilities of $6.1m, net assets of $17.9m. It reported 440 employees.