Minnesota Hospital and Healthcare Foundation

Analysis

Minnesota Hospital and Healthcare Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minnesota Hospital and Healthcare Foundation reported income of $1.1m and spending of $13k, leaving 99% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $356k to $1.1m (+221%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 641%. Over the whole period it spent 0.6% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Hospital and Healthcare Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Perco Inc ($1.1m), Camp St Charles Inc ($1.1m) and Habitat for Humanity International Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $3.9m against liabilities of $7,260, net assets of $3.9m.