Sanford Health Foundation of Northern Minnesota

Analysis

Sanford Health Foundation of Northern Minnesota is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in December 1981, 45 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 December 2023, Sanford Health Foundation of Northern Minnesota reported income of $1.2m and spending of $302k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $975k to $1.2m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sanford Health Foundation of Northern Minnesota sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within SD. Charities of a similar size with the same main cause include Lung Cancer Initiative ($1.2m), Kachemak Bay Family Planning Clinic ($1.2m) and American Medical Womens Association Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $11.2m against liabilities of $5,806, net assets of $11.2m.