Park Nicollet

Analysis

Park Nicollet is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in June 2011, 15 years ago. 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, Park Nicollet reported income of $2.00bn and spending of $2.01bn, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.73bn to $2.00bn (+16%), an average of +3.8% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Nicollet 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 MN. Charities of a similar size with the same main cause include Banner University Family Care ($1.97bn), Ascension Health Alliance ($2.17bn) and Carnegie Mellon University ($1.88bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Other salaries and wages came to $1.12bn. At year end it held assets of $1.74bn against liabilities of $615.1m, net assets of $1.13bn. It reported 11,839 employees.