Mankato Clinic Foundation Inc

Analysis

Mankato Clinic Foundation Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in January 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mankato Clinic Foundation Inc reported income of $278k and spending of $313k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $365k to $278k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mankato Clinic Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Crescentcare Holdings Inc ($278k), Light Collective Inc ($278k) and Naomi House Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.