Healthpartners RC

Analysis

Healthpartners RC is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in July 2020, 6 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, Healthpartners RC reported income of $40.2m and spending of $31.0m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $23.2m to $40.2m (+73%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthpartners RC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Mark Twain Association for Mental Health Inc ($40.2m), Central Valley Indian Health Inc ($40.2m) and Grant Medical Center Inc ($40.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $891k (2.9% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $96.3m against liabilities of $29.5m, net assets of $66.8m. It reported 190 employees.