St Francis Regional Medical Center

Analysis

St Francis Regional Medical Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1969, 57 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, St Francis Regional Medical Center reported income of $227.4m and spending of $206.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174.7m to $227.4m (+30%), an average of +6.8% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Francis Regional Medical Center 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 Florida Essential Healthcare Partnerships Foundation Inc ($227.4m), Kennedy Krieger Childrens Hospital Inc ($227.7m) and Physician Enterprise LLC ($226.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.5m (0.7% of expenses). Other salaries and wages came to $79.1m. At year end it held assets of $252.4m against liabilities of $59.9m, net assets of $192.5m.