Healtheast Medical Research Institute
2450 Riverside Ave, Minneapolis, MN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $171,265,869 | $200,090,778 | -$217,059,306 |
| FY2023 | $158,384,884 | $189,431,122 | -$188,622,637 |
| FY2022 | $145,072,485 | $179,881,857 | -$157,577,830 |
| FY2021 | $121,333,649 | $144,055,775 | -$122,779,319 |
| FY2020 | $90,202,790 | $131,808,000 | -$100,057,193 |
| FY2019 | $110,522,261 | $133,337,749 | -$58,451,983 |
| FY2018 | $111,560,518 | $143,595,967 | -$35,639,942 |
| FY2017 | $66,196,099 | $79,609,578 | -$3,604,257 |
| FY2016 | $189,793,167 | $235,956,349 | $15,314,266 |
| FY2015 | $176,834,231 | $218,105,490 | $17,109,266 |
| FY2014 | $164,594,799 | $195,912,964 | $11,111,933 |
| FY2013 | $151,393,970 | $181,243,623 | $5,141,410 |
| FY2012 | $138,649,580 | $166,690,043 | $9,273,926 |
| FY2011 | $117,504,819 | $140,574,011 | $8,323,627 |
Form 990 filings
The returns filed by Healtheast Medical Research Institute (EIN 41-1765832), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $68,279 | <1% |
| Program service revenue | $171,197,590 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $188,438,032 | 94% |
| Management & general | $11,652,746 | 6% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 94% of functional expenses, management & general 6%, and fundraising 0%.
- 94% of functional expenses went to program services in FY2024. That is higher than 92.6% of 135 Health Care organizations in MN.
- Net assets covered about -13 months of expenses at the end of the reporting year. That puts it in the 2nd percentile among 465 Health Care organizations in MN.
- Total revenue was higher than 93.4% of 467 Health Care organizations in MN.
- Total revenue rose from $117,504,819 in FY2011 to $171,265,869 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $189,793,167 in FY2016.
- Net assets declined from $8,323,627 to -$217,059,306 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Fairview is driven to heal, discover and educate for longer, healthier lives.
IRS status
| Ruling year | 1994 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E050 — Health Care (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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