Glencoe Regional Health Services

Analysis

Glencoe Regional Health Services is a registered charity in United States, based in Glencoe, MN. It received its IRS tax-exemption ruling in August 2000, 26 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 December 2023, Glencoe Regional Health Services reported income of $80.4m and spending of $78.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66.5m to $80.4m (+21%), an average of +4.9% 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, Glencoe Regional Health Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Royal Charter Properties - East Inc ($80.4m), Promedica Coldwater Regional Hospital ($80.5m) and Baptist Health Services ($80.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.6m (2.0% of expenses). Other salaries and wages came to $41.4m. At year end it held assets of $127.0m against liabilities of $31.8m, net assets of $95.2m. It reported 752 employees.