Mymichigan Medical Center Tawas Foundation

Analysis

Mymichigan Medical Center Tawas Foundation is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mymichigan Medical Center Tawas Foundation reported income of $603k and spending of $777k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $157k to $603k (+285%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 376%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mymichigan Medical Center Tawas Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include The Rick Herrema Foundation Inc ($603k), Pagny Health and Research Foundation Inc ($604k) and Appalachian Life Quality Initiative ($603k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $6.2m against liabilities of $5,529, net assets of $6.2m.