Trinity Health Corporation

Analysis

Trinity Health Corporation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in December 2002, 24 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 June 2023, Trinity Health Corporation reported income of $2.63bn and spending of $2.53bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.05bn to $2.63bn (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trinity Health Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Hartford Hospital ($2.58bn), Catholic Health Initiatives Colorado ($2.63bn) and Lucile Salter Packard Childrens Hospital at Stanford ($2.57bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $19.7m (0.8% of expenses). Other salaries and wages came to $684.5m. At year end it held assets of $11.55bn against liabilities of $10.39bn, net assets of $1.16bn. It reported 8,992 employees.