Cuyuna Regional Medical Center

Analysis

Cuyuna Regional Medical Center is a registered charity in United States, based in Crosby, MN. It received its IRS tax-exemption ruling in January 1994, 32 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 March 2023, Cuyuna Regional Medical Center reported income of $193.9m and spending of $192.8m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $132.5m to $193.9m (+46%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cuyuna Regional Medical Center 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 Saint Thomas Health ($193.9m), Alverno Provena Hospital Laboratories Inc ($194.1m) and Mercy Clinics Inc ($193.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $823k (0.4% of expenses). Other salaries and wages came to $69.7m. At year end it held assets of $128.7m against liabilities of $63.3m, net assets of $65.5m. It reported 1,304 employees.