Sibley Medical Center

Analysis

Sibley Medical Center is a registered charity in United States, based in Arlington, MN. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sibley Medical Center reported income of $22.5m and spending of $17.4m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $22.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sibley Medical Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include FFWD ($22.5m), Nema Foundation Inc ($22.6m) and Ocean Reef Foundation Inc ($22.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $7,450 (0.0% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $34.1m against liabilities of $3.3m, net assets of $30.9m. It reported 110 employees.