Asante

Analysis

Asante is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in August 1939, 87 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 September 2023, Asante reported income of $1.13bn and spending of $1.10bn, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $915.8m to $1.13bn (+23%), an average of +5.3% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Asante sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Mercy Hospital Springfield ($1.12bn), Intermountain Front Range Inc ($1.13bn) and Southcoast Hospitals Group Inc ($1.12bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $6.2m (0.6% of expenses). Other salaries and wages came to $429.2m. At year end it held assets of $1.89bn against liabilities of $712.6m, net assets of $1.17bn. It reported 6,319 employees.