Overview

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Est.

1949

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Olmsted Medical Center, with an EIN of 41-0855367, is dedicated to hospital care and operates under the mission of partnering for better health and better lives. In 2024, the organization reported an operating budget of $298.3 million and total revenue of $304.8 million, with substantial funding from various sources, none of which accounted for 50% or more of its revenue. More information can be found on their website at www.olmmed.org.

Mission Statement

PARTNERING FOR BETTER HEALTH AND BETTER LIVES.
Revenues
$304.8M
Expenses
$298.5M
Net Income:
+$6.3M
Assets
$311.5M
Liabilities
$62.2M
Net Assets:
+$249.2M
Operating Budget
$298.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$25.1K
Largest grant received
$27.3K
J
James Hoffmann Do
Board Member
T
Tamara Alexandrov Md
Board Member
M
Maral Kendarian Md
Board Member

Frequently Asked Questions

What is OLMSTED MEDICAL CENTER’s budget?
In 2024, OLMSTED MEDICAL CENTER reported an annual operating budget of around $298.3 million. More detailed financial information is available to registered users.
What causes does OLMSTED MEDICAL CENTER support?
OLMSTED MEDICAL CENTER supports work in Hospital care.
Where does OLMSTED MEDICAL CENTER operate?
OLMSTED MEDICAL CENTER is headquartered in Rochester, MN.
Who funded OLMSTED MEDICAL CENTER recently?
In 2024, OLMSTED MEDICAL CENTER received grants from ROCHESTER AREA FOUNDATION, OMC REGIONAL FOUNDATION, and OMC REGIONAL FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant OLMSTED MEDICAL CENTER received in 2024?
The largest grant to OLMSTED MEDICAL CENTER in 2024 exceeds $27 thousand.
What is OLMSTED MEDICAL CENTER’s reliance on government grants?
OLMSTED MEDICAL CENTER relied on government grants for less than 5% of their total revenue in 2024.