Centracare Clinic

Analysis

Centracare Clinic is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2023, Centracare Clinic reported income of $299.5m and spending of $373.0m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $294.2m to $299.5m (+1.8%), an average of +0.4% a year. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centracare Clinic 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 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include Plainview Hospital ($299.5m), BMC Health System ($299.6m) and Shore Health System Inc ($298.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $8.1m (2.2% of expenses). Other salaries and wages came to $235.9m. At year end it held assets of $65.8m against liabilities of $145.4m, net assets of -$79.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.