Graceville Health Center

Analysis

Graceville Health Center is a registered charity in United States, based in Graceville, 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 June 2023, Graceville Health Center reported income of $10.1m and spending of $11.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.8m to $10.1m (-6.0%), an average of -1.5% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Graceville Health Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Upper Bay Counseling & Support SVCS Inc ($10.1m), Hamakua Health Center Inc ($10.2m) and Healthcare Services of the Ozarks Inc ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $968k (8.4% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $5.1m against liabilities of $5.1m, net assets of $17k. It reported 145 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.