St Cloud Hospital

Analysis

St Cloud Hospital is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in March 2003, 23 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, St Cloud Hospital reported income of $1.04bn and spending of $998.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $991.8m to $1.04bn (+5.2%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Cloud Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include University of Alabama Health Services Foundation PC ($1.04bn), Ochsner Lsu Health System of North Louisiana ($1.04bn) and White Plains Medical Center ($1.04bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $8.0m (0.8% of expenses). Other salaries and wages came to $433.9m. At year end it held assets of $1.30bn against liabilities of $265.7m, net assets of $1.04bn.