Washtenaw Health Plan Corporation

Analysis

Washtenaw Health Plan Corporation is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Washtenaw Health Plan Corporation reported income of $2.3m and spending of $2.2m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $2.3m (+81%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 40%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washtenaw Health Plan Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Care Net Pregnancy Center of Central Texas ($2.3m), Society of Vascular and Interventional Neurology ($2.3m) and Valley Hope Association Foundation ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. At year end it held assets of $3.1m against liabilities of $355k, net assets of $2.7m.