Mycare Health Center

Analysis

Mycare Health Center is a registered charity in United States, based in Center Line, MI. It received its IRS tax-exemption ruling in August 2011, 15 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 December 2023, Mycare Health Center reported income of $7.3m and spending of $7.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $7.3m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mycare Health Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Vision Share Inc ($7.3m), Loma Linda University Pathology Medical Group Inc ($7.3m) and Heart Failure Society of America Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $851k (11% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.3m. It reported 85 employees.