Hennepin Health Foundation

Analysis

Hennepin Health Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hennepin Health Foundation reported income of $16.7m and spending of $10.3m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.5m to $16.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hennepin Health Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Bismarck Cancer Center ($16.6m), Good Samaritan Hospital Foundation of Cincinnati ($16.7m) and Gold Cross Ambulance Service Inc ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $376k (3.6% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $42.8m against liabilities of $1.2m, net assets of $41.6m.