Centracare Health Foundation

Analysis

Centracare Health Foundation is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in April 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Centracare Health Foundation reported income of $11.7m and spending of $6.6m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $11.7m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 84%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Centracare Health Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Seton Family of Pediatric Surgeons ($11.7m), Family Services of Chemung County Inc ($11.7m) and Samaritans Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $80.5m against liabilities of $2.3m, net assets of $78.2m.