Hennepin Health Foundation
Only null% goes to programs Strong reserves Growing revenue
Hennepin Health Foundation is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2015, with $20,523,074 in FY2024 revenue. CharityIndex grades it B.
701 Park Ave, Minneapolis, MN, 55415 EIN 41-0845733 Since 2015
Revenue (FY2024)
$20.5M
▲ 23.2% vs prior year
Health median: $840K
Expenses (FY2024)
$9.8M
Net assets
$53.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hennepin Health Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating66 mo reserves · +52% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hennepin Health Foundation: 66 mo reserves · +52% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hennepin Health Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hennepin Health Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 701 Park Ave, Minneapolis, MN, 55415
- City
- Minneapolis
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $3.9M (FY2013) to $20.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $576KNet assets $53.7M
Operating margin
52.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$54.3M
Total liabilities
$576K
Net assets
$53.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $20,523,074▲23.2% | $9,759,614▼5.3% | $53,736,538▲29.2% | $54,312,742▲26.8% | 990 |
| 2023 | $16,663,231▲5.2% | $10,308,931▼28.8% | $41,595,602▲25.3% | $42,827,793▲24.4% | 990 |
| 2022 | $15,844,364▲45.8% | $14,468,942▲109% | $33,209,587▼6.5% | $34,435,558▼5.9% | 990 |
| 2021 | $10,869,392▼7.9% | $6,924,245▼52.3% | $35,514,337▲16.7% | $36,610,127▲7.2% | 990 |
| 2020 | $11,804,191▼5.9% | $14,505,501▲87.6% | $30,429,126▼3.8% | $34,159,792▲5.3% | 990 |
| 2019 | $12,539,299▲7.1% | $7,731,380▼7.5% | $31,625,027▲26.8% | $32,442,146▲27.1% | 990 |
| 2018 | $11,703,656▲86.2% | $8,354,656▲29.5% | $24,942,822▲9.9% | $25,527,227▲9.1% | 990 |
| 2017 | $6,284,317▼14.3% | $6,449,650▲4.6% | $22,696,705▲4.5% | $23,408,677▲5.5% | 990 |
| 2016 | $7,332,949▼55.0% | $6,166,548▲84.4% | $21,727,190▲8.3% | $22,192,594▲9.5% | 990 |
| 2015 | $16,298,080▲154% | $3,344,423▲40.7% | $20,065,373▲175% | $20,262,611▲165% | 990 |
| 2014 | $6,404,991▲64.3% | $2,376,148▼16.7% | $7,308,528▲123% | $7,632,983▲104% | 990 |
| 2013 | $3,899,112 | $2,851,789▲0.6% | $3,279,573▲46.9% | $3,746,568▲46.4% | 990 |
| 2012 | — | $2,836,129▲45.6% | $2,233,245▲19.9% | $2,558,714▲24.3% | 990 |
| 2011 | — | $1,948,502▲19.4% | $1,862,706▼2.2% | $2,058,638▼6.0% | 990 |
| 2010 | — | $1,631,983 | $1,905,503 | $2,189,760 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $10.4M total
84 grants to Hennepin Health Foundation totaling $10.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $200,000 |
| Entertainment Industry Foundation | General program | 2024 | $149,981 |
| Entertainment Industry Foundation | General program | 2024 | $149,981 |
| Minneapolis Foundation | Donor advised, health | 2024 | $39,656 |
| American Cancer Society Inc | Patient support | 2024 | $25,000 |
| American Online Giving Foundation Inc | General support | 2024 | $19,750 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $15,000 |
| American Cancer Society Inc | Patient support | 2024 | $10,371 |
| American Endowment Foundation | Health, general | 2024 | $10,300 |
| Delta Dental of Minnesota | 2024 talent garden youth summits | 2024 | $7,500 |
| Stratacor | 2024 talent garden youth summits | 2024 | $7,500 |
| Minneapolis Foundation | Health, donor-advised, health | 2023 | $223,427 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $79,700 |
| American Endowment Foundation | Health, general | 2023 | $43,500 |
| Delta Dental of Minnesota | Hennepin healthcare talent garden 7th to 10th grade summer youth initiative | 2023 | $43,000 |
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Frequently asked questions
- Is Hennepin Health Foundation a legitimate nonprofit?
- Yes. Hennepin Health Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0845733, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Hennepin Health Foundation's EIN?
- Hennepin Health Foundation's Employer Identification Number (EIN) is 41-0845733.
- How much revenue does Hennepin Health Foundation report?
- Hennepin Health Foundation reported $20,523,074 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hennepin Health Foundation have?
- CharityIndex grades Hennepin Health Foundation B, based on financial health (reserves and operating margin).
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Explore more
Data for Hennepin Health Foundation (EIN 41-0845733) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.