Stratis Health

Analysis

Stratis Health is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2022, Stratis Health reported income of $6.3m and spending of $6.3m, spending 99% of its income. Across the 4 years on record, from July 2019 to July 2022, income fell from $15.1m to $6.3m (-58%), an average of -25% a year. The sharpest change came in the year to July 2020, when income dropped by 53%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stratis Health sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Community Child Care Center of Delray Beach Foundation Inc ($6.3m), The Putnam County Community Foundation Inc ($6.4m) and Saginaw Community Foundation ($6.3m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $473k (7.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $5.2m against liabilities of $714k, net assets of $4.5m. It reported 40 employees.