Avera Health

Analysis

Avera Health is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in July 1993, 33 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 Health reported income of $285.3m and spending of $291.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $273.9m to $285.3m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Avera Health sits at the 97th percentile: it is larger than about 97% of them. 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 Alfred I Dupont Charitable Trust ($284.6m), Childrens Medical Center ($285.9m) and Physicians Clinic Inc ($284.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $8.1m (2.8% of expenses). Other salaries and wages came to $126.5m. At year end it held assets of $1.74bn against liabilities of $1.44bn, net assets of $302.4m. It reported 2,047 employees.