Advantage Health-Saint Marys Medical Group

Analysis

Advantage Health-Saint Marys Medical Group is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 2012, 14 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 June 2023, Advantage Health-Saint Marys Medical Group reported income of $129.3m and spending of $133.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $123.4m to $129.3m (+4.8%), an average of +1.2% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advantage Health-Saint Marys Medical Group sits at the 96th percentile: it is larger than about 96% 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 Windham Community Memorial Hospital Inc ($129.2m), Qualtex Laboratories ($129.4m) and Sunnyside Community Hospital Association ($128.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $5.7m (4.3% of expenses). Other salaries and wages came to $85.4m. At year end it held assets of $30.8m against liabilities of $92.0m, net assets of -$61.2m. It reported 824 employees.