Sanford

Analysis

Sanford is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 2011, 15 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, Sanford reported income of $5.74bn and spending of $5.37bn, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.42bn to $5.74bn (+30%), an average of +6.8% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sanford sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SD. Charities of a similar size with the same main cause include Highmark Health ($5.62bn), Aurora Health Care Inc ($6.78bn) and Mercy Care ($4.85bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $19.3m (0.4% of expenses). Other salaries and wages came to $2.44bn. At year end it held assets of $3.76bn against liabilities of $1.13bn, net assets of $2.63bn. It reported 3,175 employees.