Regions Hospital Foundation

Analysis

Regions Hospital Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 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 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 December 2023, Regions Hospital Foundation reported income of $10.8m and spending of $8.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $10.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 302%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regions Hospital Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Partnership to End Addiction ($10.8m), Colorado Visiting Nurse Association ($10.8m) and Friends Research Institute Inc ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $46.2m against liabilities of $8.1m, net assets of $38.1m.