Barbara Ann Karmanos Cancer Hospital

Analysis

Barbara Ann Karmanos Cancer Hospital is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 September 2023, Barbara Ann Karmanos Cancer Hospital reported income of $468.9m and spending of $434.7m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $304.6m to $468.9m (+54%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Barbara Ann Karmanos Cancer Hospital sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Saint Thomas Rutherford Hospital ($468.0m), Legacy Good Samaritan Hospital and Medical Center Payroll Dept ($470.3m) and Chambersburg Hospital ($467.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.1m (0.3% of expenses). Other salaries and wages came to $91.0m. At year end it held assets of $268.8m against liabilities of $112.6m, net assets of $156.1m. It reported 1,158 employees.