Traverse Health Clinic & Coalition

Analysis

Traverse Health Clinic & Coalition is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in May 2004, 22 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, Traverse Health Clinic & Coalition reported income of $6.7m and spending of $7.0m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $6.7m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Traverse Health Clinic & Coalition sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Health Opportunities for the People of East Texas Inc ($6.7m), Symmetry Care Inc ($6.7m) and National Association of School Nurses Inc ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $653k (9.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $7.0m against liabilities of $2.4m, net assets of $4.5m. It reported 82 employees.