Duluth Clinic Ltd

Analysis

Duluth Clinic Ltd is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in June 1988, 38 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).

In the financial year ending June 2023, Duluth Clinic Ltd reported income of $238.1m and spending of $229.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $132.1m to $238.1m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Duluth Clinic Ltd sits at the 97th percentile: it is larger than about 97% of them. 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 Sunset Park Health Council Inc ($238.0m), Geisinger-Lewistown Hospital ($238.5m) and St Marys Regional Medical Center ($238.0m).

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. Other salaries and wages came to $49.3m. At year end it held assets of $133.7m against liabilities of $632.7m, net assets of -$499.0m. It reported 1,091 employees.