Benedictine Health Center

Analysis

Benedictine Health Center is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Benedictine Health Center reported income of $26.0m and spending of $26.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.7m to $26.0m (+10.0%), an average of +2.4% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benedictine Health Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include International Institute for Environment and Development ($26.0m), Arc of Southern Maryland ($26.0m) and Integrity Inc ($25.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 100% of the total. Other salaries and wages came to $12.5m. At year end it held assets of $51.1m against liabilities of $27.3m, net assets of $23.8m. It reported 604 employees.