Catherines Health Center

Analysis

Catherines Health Center is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2007, 19 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 December 2023, Catherines Health Center reported income of $9.4m and spending of $8.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $9.4m (+611%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catherines Health Center sits at the 83rd percentile: it is larger than about 83% 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 Mercy General Health Partners Amicare Homecare ($9.4m), Zero Prostate Cancer ($9.4m) and Ascent Health Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $555k (6.3% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.5m against liabilities of $1.0m, net assets of $5.5m. It reported 102 employees.