Astera Health

Analysis

Astera Health is a registered charity in United States, based in Wadena, MN. It received its IRS tax-exemption ruling in May 1937, 89 years ago. 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, Astera Health reported income of $88.7m and spending of $90.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72.6m to $88.7m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Astera Health 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 New Horizon Counseling Center Inc ($88.7m), International Childrens Fund Inc ($89.0m) and Mercy Medical Center ($88.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.1m (2.3% of expenses). Other salaries and wages came to $32.1m. At year end it held assets of $125.0m against liabilities of $72.1m, net assets of $52.8m. It reported 531 employees.