St Marys Regional Health Center

Analysis

St Marys Regional Health Center is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in March 1989, 37 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 June 2023, St Marys Regional Health Center reported income of $172.9m and spending of $161.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $146.7m to $172.9m (+18%), an average of +4.2% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Marys Regional Health Center sits at the 96th percentile: it is larger than about 96% 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 Prima Medical Foundation ($172.9m), Aspirus Riverview Hospital & Clinics Inc ($173.5m) and Allosource ($172.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2,250 (0.0% of expenses). Other salaries and wages came to $69.8m. At year end it held assets of $189.4m against liabilities of $53.8m, net assets of $135.6m. It reported 1,024 employees.