Avera Holy Family

Analysis

Avera Holy Family is a registered charity in United States, based in Estherville, IA. It received its IRS tax-exemption ruling in March 1946, 80 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, Avera Holy Family reported income of $28.5m and spending of $26.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.4m to $28.5m (+4.2%), an average of +1.0% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Avera Holy Family sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Christian Unity Hospital Corporation ($28.5m), Dont Ever Give Up Inc ($28.6m) and Carle Eureka Hospital ($28.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Other salaries and wages came to $10.5m. At year end it held assets of $60.3m against liabilities of $4.1m, net assets of $56.2m. It reported 194 employees.