Regions Hospital

Analysis

Regions Hospital is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in February 1987, 39 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, Regions Hospital reported income of $1.06bn and spending of $993.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $835.0m to $1.06bn (+27%), an average of +6.1% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regions Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. 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 HCR Manorcare Inc ($1.05bn), Mount Sinai Medical Center of Florida Inc ($1.06bn) and Ochsner Lsu Health System of North Louisiana ($1.04bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.0m (0.2% of expenses). Other salaries and wages came to $477.5m. At year end it held assets of $1.18bn against liabilities of $354.4m, net assets of $822.4m. It reported 7,385 employees.