Deer River Health Care Center Inc

Analysis

Deer River Health Care Center Inc is a registered charity in United States, based in Deer River, MN. It received its IRS tax-exemption ruling in July 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 June 2023, Deer River Health Care Center Inc reported income of $43.6m and spending of $41.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.3m to $43.6m (+14%), an average of +3.3% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Deer River Health Care Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Diversus Health Inc ($43.6m), Krucial Rapid Response Inc ($43.6m) and Gateway Community Health Center Inc ($43.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $193k (0.5% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $46.0m against liabilities of $7.6m, net assets of $38.4m. It reported 265 employees.