Essentia Health Moose Lake

Analysis

Essentia Health Moose Lake is a registered charity in United States, based in Moose Lake, MN. It received its IRS tax-exemption ruling in August 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 June 2023, Essentia Health Moose Lake reported income of $40.5m and spending of $41.0m, spending 101% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $51.2m to $40.5m (-21%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Essentia Health Moose Lake 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 Susan B Allen Memorial Hospital ($40.5m), Frances Mahon Deaconess Hospital ($40.5m) and Lrefuah Medical & Rehabilitation Center Inc ($40.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $585k (1.4% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $51.5m against liabilities of $37.7m, net assets of $13.8m. It reported 263 employees.