GRAND ITASCA CLINIC AND HOSPITAL

GRAND RAPIDS, MN, 55744-8648 (218) 326-5000 Est. 1997 EIN 41-1865874

E20Z - Health Care 990 - Public charity return 501(c)(3)

Mission

Provide quality, accessible, and valuable health care services via a hospital, home health agency, and clinic to the surrounding rural community.

Total Revenue

$140,219,254

Total Expenses

$132,878,872

Net Assets

$79,400,800

947 employees 74 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

7.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 14.7%

Expenses ↑ 13.0%

Revenue Sources

Contributions 1.4% Earned revenue 97.0% Investment 1.5%

Expense Breakdown

Program 89.4% Management 10.6%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$140,219,254 ↑	$132,878,872	$79,400,800
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$122,233,895 ↑	$117,575,949	$70,967,213
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$116,492,227 ↑	$108,085,446	$74,256,841
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$103,118,780 ↑	$96,805,702	$42,427,494
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$90,909,519	$88,749,470	$31,754,687