Hennepin Healthcare Research Institute

Analysis

Hennepin Healthcare Research Institute is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Hennepin Healthcare Research Institute reported income of $57.1m and spending of $55.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.6m to $57.1m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hennepin Healthcare Research Institute sits at the 93rd percentile: it is larger than about 93% 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 The Oak Clinic ($57.1m), Comprehensive Community Health Centers Inc ($57.1m) and Edgewood Center for Children and Families ($57.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $594k (1.1% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $72.7m against liabilities of $12.5m, net assets of $60.1m. It reported 248 employees.