Healtheast St Johns Hospital

Analysis

Healtheast St Johns Hospital is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1983, 43 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, Healtheast St Johns Hospital reported income of $444.0m and spending of $444.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $270.1m to $444.0m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healtheast St Johns Hospital 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 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include Tanner Medical Center ($443.9m), Ellis Hospital ($444.3m) and Texas Essential Healthcare Partnerships Foundation ($443.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $192.3m. At year end it held assets of $190.6m against liabilities of $133.5m, net assets of $57.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.