Munson Medical Group

Analysis

Munson Medical Group is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in September 2012, 14 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 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, Munson Medical Group reported income of $34.8m and spending of $55.0m, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.4m to $34.8m (+204%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 165% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Munson Medical Group sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Moravian Manors Inc ($34.7m), Peoria Hospitals Mobile Medical Services ($34.8m) and Community Health Centers Inc ($34.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $48.5m. At year end it held assets of $11.5m against liabilities of $3.2m, net assets of $8.3m. It reported 565 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.