Glacial Ridge Hospital Foundation Inc

Analysis

Glacial Ridge Hospital Foundation Inc is a registered charity in United States, based in Glenwood, MN. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Glacial Ridge Hospital Foundation Inc reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.3m (+4.9%), an average of +1.2% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Glacial Ridge Hospital Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Meals on Wheels Chicago ($1.3m), Focus Marines Foundation ($1.3m) and New Life-Knew Solutions ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 99% of the total. Other salaries and wages came to $125k. At year end it held assets of $8.5m against liabilities of $5.7m, net assets of $2.8m.