Lifecare Medical Center

Analysis

Lifecare Medical Center is a registered charity in United States, based in Roseau, MN. It received its IRS tax-exemption ruling in July 1995, 31 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 September 2023, Lifecare Medical Center reported income of $58.3m and spending of $55.6m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $53.9m to $58.3m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifecare Medical Center 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 Health Care and Rehabilitation Services of Southeastern Vermont I ($58.2m), Clarion Hospital ($58.3m) and Hackley School ($58.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.3m (2.4% of expenses). Other salaries and wages came to $24.6m. At year end it held assets of $104.7m against liabilities of $7.5m, net assets of $97.1m. It reported 564 employees.