Riverwood Health Care Center & Comm Hospital Foundation

Analysis

Riverwood Health Care Center & Comm Hospital Foundation is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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, Riverwood Health Care Center & Comm Hospital Foundation reported income of $450k and spending of $601k, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $348k to $450k (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2022, when income rose by 198%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverwood Health Care Center & Comm Hospital Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include The Colony Band Booster Club Inc ($449k), Buck Hill Ski Racing Club ($450k) and Networks Inc ($449k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $6.6m against liabilities of $0, net assets of $6.6m.