University of Minnesota Physicians

Analysis

University of Minnesota Physicians is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 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, University of Minnesota Physicians reported income of $902.9m and spending of $873.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $644.4m to $902.9m (+40%), an average of +8.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Minnesota Physicians sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Cedars Sinai Intellectual Property Company ($898.4m), Inova Health System Foundation ($903.5m) and Sisters of Charity of Leavenworth Health System Inc ($898.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $11.5m (1.3% of expenses). Other salaries and wages came to $620.1m. At year end it held assets of $309.1m against liabilities of $200.3m, net assets of $108.8m. It reported 4,858 employees.