Avera Queen of Peace

Analysis

Avera Queen of Peace is a registered charity in United States, based in Mitchell, SD. 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Avera Queen of Peace reported income of $133.5m and spending of $129.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $117.5m to $133.5m (+14%), an average of +3.2% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Avera Queen of Peace sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SD. Charities of a similar size with the same main cause include Wood County Hospital Assn ($133.4m), Kennedy Medical Group Practice PC ($133.7m) and Johns Hopkins Pharmaquip Inc ($133.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.7m (1.3% of expenses). Other salaries and wages came to $54.1m. At year end it held assets of $169.8m against liabilities of $41.1m, net assets of $128.7m. It reported 835 employees.