Pine Medical Center

Analysis

Pine Medical Center is a registered charity in United States, based in Sandstone, MN. It received its IRS tax-exemption ruling in June 1998, 28 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, Pine Medical Center reported income of $23.4m and spending of $22.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.8m to $23.4m (+7.7%), an average of +1.9% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pine Medical Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Chinese Progressive Association ($23.4m), Spectrum Medical Care Center ($23.5m) and Hawaii Residency Programs Inc ($23.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $449k (2.0% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $31.3m against liabilities of $19.4m, net assets of $12.0m. It reported 128 employees.