Albert Lea Healthcare Coalition

Analysis

Albert Lea Healthcare Coalition is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Albert Lea Healthcare Coalition reported income of $1.5m and spending of $289k, leaving 81% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $446k to $1.5m (+246%), an average of +86% a year. The sharpest change came in the year to December 2020, when income rose by 448%. Over the whole period it spent 11% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Albert Lea Healthcare Coalition sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Midwest Geriatrics Inc ($1.5m), Carolina Meadows Home Care Inc ($1.5m) and Wigs for Kids Inc ($1.5m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.1m against liabilities of $1.2m, net assets of $3.9m.