Lakeview Methodist Health Care Center

Analysis

Lakeview Methodist Health Care Center is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in June 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lakeview Methodist Health Care Center reported income of $10.9m and spending of $10.3m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.6m to $10.9m (+14%), an average of +3.2% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeview Methodist Health Care Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Hudson Vista Medical PC ($10.9m), Cooper Health Systems ($10.9m) and Lighthouse Social Service Centers ($10.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $159k (1.5% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $33.0m against liabilities of $21.8m, net assets of $11.2m. It reported 220 employees.