Mille Lacs Health System

Analysis

Mille Lacs Health System is a registered charity in United States, based in Onamia, MN. It received its IRS tax-exemption ruling in October 1977, 49 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 September 2023, Mille Lacs Health System reported income of $57.3m and spending of $58.6m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $46.1m to $57.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mille Lacs Health System sits at the 93rd percentile: it is larger than about 93% of them. 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 Baylor Health Care System Foundation ($57.3m), Ozanam Hall of Queens Nursing Home Inc ($57.4m) and Hillcrest Physician Services ($57.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.1m (3.5% of expenses). Other salaries and wages came to $24.7m. At year end it held assets of $58.7m against liabilities of $40.5m, net assets of $18.3m. It reported 512 employees.