Mackinac Straits Health System Inc

Analysis

Mackinac Straits Health System Inc is a registered charity in United States, based in Saint Ignace, MI. It received its IRS tax-exemption ruling in December 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 March 2023, Mackinac Straits Health System Inc reported income of $69.3m and spending of $64.7m, spending 93% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $48.1m to $69.3m (+44%), an average of +9.6% a year. 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, Mackinac Straits Health System Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Cox-Monett Hospital Inc ($69.3m), Penn State Health Lancaster Medical Center ($69.3m) and Effingham Hospital Inc ($69.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 4.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.6m (2.5% of expenses). Other salaries and wages came to $18.2m. At year end it held assets of $54.9m against liabilities of $63.9m, net assets of -$9.0m. It reported 405 employees.