Owatonna Hospital Auxiliary

Analysis

Owatonna Hospital Auxiliary is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in November 1964, 62 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Owatonna Hospital Auxiliary reported income of $61k and spending of $65k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $88k to $61k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2021, when income rose by 298%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owatonna Hospital Auxiliary sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Belpre Educational Broadcasting Foundation ($61k), South Middlesex Opportunity Proper Ties Inc ($61k) and Family Career and Community Leaders of America Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% of the total. At year end it held assets of $218k against liabilities of $641, net assets of $217k.