Minnesota Valley Health Center Inc

Analysis

Minnesota Valley Health Center Inc is a registered charity in United States, based in Le Sueur, MN. It received its IRS tax-exemption ruling in April 1963, 63 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, Minnesota Valley Health Center Inc reported income of $14.7m and spending of $14.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.6m to $14.7m (+8.6%), an average of +2.1% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minnesota Valley Health Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include North Country Family Health Center Inc ($14.7m), Valley Health Services Inc ($14.7m) and Wagner Community Memorial Hospital ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $5,933 (0.0% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $12.9m against liabilities of $1.7m, net assets of $11.2m. It reported 146 employees.