Health Resources Lifecare Center Inc

Analysis

Health Resources Lifecare Center Inc is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in December 1983, 43 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 December 2023, Health Resources Lifecare Center Inc reported income of $536k and spending of $491k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $533k to $536k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Resources Lifecare Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Our Lady of the Desert Inc ($536k), The Valley Hospital Auxiliary ($536k) and Family Guide ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $102k (21% of expenses). Other salaries and wages came to $208k. At year end it held assets of $815k against liabilities of $96, net assets of $814k. It reported 11 employees.