Indian Health Board of Minneapolis Inc

Analysis

Indian Health Board of Minneapolis Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1972, 54 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Indian Health Board of Minneapolis Inc reported income of $16.4m and spending of $12.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $16.4m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 28%. 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, Indian Health Board of Minneapolis Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Easter Seals Tennessee Inc ($16.4m), Hope Clinical Care ($16.4m) and Health Quality Innovators ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $841k (6.7% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $38.7m against liabilities of $20.0m, net assets of $18.6m. It reported 122 employees.