Fairview Health Services

Analysis

Fairview Health Services is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1973, 53 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, Fairview Health Services reported income of $4.71bn and spending of $4.38bn, spending 93% of its income. Across the 6 years on record, from December 2014 to December 2023, income grew from $3.36bn to $4.71bn (+40%), an average of +7.0% a year. The sharpest change came in the year to December 2019, when income rose by 19%. 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, Fairview Health Services sits at the 100th 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 Duke University Health System Inc ($4.67bn), Scan Health Plan ($4.94bn) and Sutter Valley Hospitals ($4.66bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $19.5m (0.4% of expenses). Other salaries and wages came to $1.81bn. At year end it held assets of $6.07bn against liabilities of $3.56bn, net assets of $2.51bn. It reported 35,326 employees.