Corewell Health

Analysis

Corewell Health is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corewell Health reported income of $9.0m and spending of $7.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $9.0m (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corewell Health sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Wesleylife ($9.0m), Mennonite Home Association Inc ($9.0m) and Windhorse Integrative Mental Health Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12.4m against liabilities of $499k, net assets of $11.9m.