Sparrow Specialty Hospital

Analysis

Sparrow Specialty Hospital is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sparrow Specialty Hospital reported income of $10.5m and spending of $8.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $16.7m to $10.5m (-37%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sparrow Specialty Hospital sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Aliviane Inc ($10.5m), Virginia Health Care Foundation ($10.5m) and Providence Alaska Foundation ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $119k (1.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $50.2m against liabilities of $4.0m, net assets of $46.2m.