Benedictine Health System

Analysis

Benedictine Health System is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Benedictine Health System reported income of $84.1m and spending of $69.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $54.0m to $84.1m (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Benedictine Health System sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Arisa Health Inc ($83.9m), Emanate Health ($84.1m) and St George Corporation ($83.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $45k (0.1% of expenses). Other salaries and wages came to $22.9m. At year end it held assets of $175.8m against liabilities of $128.6m, net assets of $47.2m. It reported 622 employees.