University of Minnesota Health Clinics and Surgery Center Inc

Analysis

University of Minnesota Health Clinics and Surgery Center Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2014, 12 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, University of Minnesota Health Clinics and Surgery Center Inc reported income of $167.3m and spending of $223.2m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234.0m to $167.3m (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Minnesota Health Clinics and Surgery Center Inc 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 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include Fisher Titus Medical Center ($167.2m), Aria Health Physician Services ($167.6m) and Rush Medical Foundation ($167.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $124.2m against liabilities of $218.0m, net assets of -$93.8m.