Munson Healthcare Manistee Hospital

Analysis

Munson Healthcare Manistee Hospital is a registered charity in United States, based in Manistee, MI. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Munson Healthcare Manistee Hospital reported income of $58.6m and spending of $61.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $77.6m to $58.6m (-24%), an average of -6.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Munson Healthcare Manistee Hospital 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 Semper Fi & Americas Fund ($58.6m), The Shriners Hospital for Children ($58.6m) and Saginaw Cooperative Hospitals Inc ($58.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $42k (0.1% of expenses). Other salaries and wages came to $21.7m. At year end it held assets of $51.2m against liabilities of $7.9m, net assets of $43.3m. It reported 370 employees.