Altru Health System

Analysis

Altru Health System is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in March 1971, 55 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, Altru Health System reported income of $672.6m and spending of $641.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $615.3m to $672.6m (+9.3%), an average of +2.2% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Altru Health System sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within ND. Charities of a similar size with the same main cause include Texas Childrens Physician Group ($670.5m), St Vincent Hospital of the Hospital Sisters of the Third Order of St ($673.7m) and Adena Health System ($670.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $14.1m (2.2% of expenses). Other salaries and wages came to $278.2m. It paid $236k in professional fundraising fees. At year end it held assets of $1.21bn against liabilities of $804.3m, net assets of $403.2m. It reported 5,351 employees.