Healtheast Woodwinds Hospital

Analysis

Healtheast Woodwinds Hospital is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1987, 39 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 Woodwinds Hospital reported income of $241.9m and spending of $242.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $172.3m to $241.9m (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healtheast Woodwinds Hospital sits at the 97th percentile: it is larger than about 97% 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 McLeod Physician Associates II ($241.8m), Shore Memorial Hospital ($242.1m) and Baptist Memorial Medical Group Inc ($241.6m).

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 $93.1m. At year end it held assets of $116.1m against liabilities of $11.3m, net assets of $104.9m.

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.