Hutchinson Health

Analysis

Hutchinson Health is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in February 2007, 19 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, Hutchinson Health reported income of $102.3m and spending of $99.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82.9m to $102.3m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hutchinson Health sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Miami Cancer Institute at Baptist Health Inc ($102.1m), Commonwealth Foundation for Cancer Research Foundation ($102.3m) and Lansdale Hospital ($102.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (1.1% of expenses). Other salaries and wages came to $55.1m. At year end it held assets of $106.2m against liabilities of $26.1m, net assets of $80.1m. It reported 673 employees.