Michigan Health Information Technology Network Shared Service

Analysis

Michigan Health Information Technology Network Shared Service is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Michigan Health Information Technology Network Shared Service reported income of $47.4m and spending of $46.9m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.9m to $47.4m (+127%), an average of +23% a year. The sharpest change came in the year to September 2021, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michigan Health Information Technology Network Shared Service sits at the 93rd percentile: it is larger than about 93% 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 Partners in Recovery LLC ($47.4m), Cibola General Hospital Corporation ($47.5m) and Navos ($47.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.8m (8.2% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $15.8m against liabilities of $16.7m, net assets of -$842k. It reported 187 employees.