AVERA HEALTH PLANS INC
SIOUX FALLS, SD 57108 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $307,117,436 | $293,221,455 | $62,035,386 |
| FY2023 | $342,342,227 | $331,043,313 | $46,851,490 |
| FY2022 | $337,041,127 | $351,085,632 | $31,584,405 |
| FY2021 | $344,814,571 | $383,335,892 | $33,666,149 |
| FY2020 | $326,945,286 | $299,167,383 | $64,480,315 |
| FY2019 | $287,416,585 | $275,683,826 | $51,172,529 |
| FY2018 | $268,466,086 | $255,488,120 | $39,751,069 |
| FY2017 | $270,357,229 | $262,191,458 | $31,759,550 |
| FY2016 | $211,513,355 | $210,950,548 | $22,241,165 |
| FY2015 | $40,960,944 | $54,022,950 | $22,106,859 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $196 | 0% |
| Program service revenue | $304,597,748 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $256,823,685 | 88% |
| Management & general | $36,397,770 | 12% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 88% of functional expenses, management & general 12%, and fundraising 0%.
- 88% of functional expenses went to program services in FY2024. That is higher than 61.8% of 34 Health Care organizations in SD.
- Net assets covered about 2.5 months of expenses at the end of the reporting year. That puts it in the 8th percentile among 110 Health Care organizations in SD.
- Total revenue was higher than 98.2% of 111 Health Care organizations in SD.
- Total revenue rose from $40,960,944 in FY2015 to $307,117,436 in FY2024, Revenue increased in 6 and decreased in 3 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 10 reported years (FY2015, FY2021, FY2022).
- The highest revenue on record here is $344,814,571 in FY2021.
- Net assets grew from $22,106,859 to $62,035,386 between FY2015 and FY2024.
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
PROVIDE LOW-COST, HIGH QUALITY HEALTH PLAN COVERAGE.
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(4) |
| Program area (NTEE) | E80 — Health Care |
Similar organizations
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- MONUMENT HEALTH RAPID CITY HOSPITAL INC — RAPID CITY, SD · $1,091,839,091
- AVERA MCKENNAN — SIOUX FALLS, SD · $1,859,516,401
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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