Group Health Inc

Analysis

Group Health Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in October 1990, 36 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 2023, Group Health Inc reported income of $1.26bn and spending of $1.40bn, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.73bn to $1.26bn (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Group Health Inc 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 Cumberland County Hospital System Inc ($1.26bn), Mother Frances Hospital Regional Health Care Center ($1.26bn) and Village Senior Services Corporation ($1.26bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $41.8m (3.0% of expenses). Other salaries and wages came to $529.6m. At year end it held assets of $1.03bn against liabilities of $783.2m, net assets of $249.0m. It reported 8,411 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.