Metropolitan Hospital

Analysis

Metropolitan Hospital is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in May 1944, 82 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, Metropolitan Hospital reported income of $553.0m and spending of $583.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $492.6m to $553.0m (+12%), an average of +2.9% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Metropolitan Hospital sits at the 99th percentile: it is larger than about 98% of them. 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 Texas Health Presbyterian Hospital Plano ($551.6m), Yakima Valley Memorial Hospital Association ($553.3m) and Reid Hospital & Health Care Services Inc ($551.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $5.0m (0.9% of expenses). Other salaries and wages came to $232.2m. At year end it held assets of $446.4m against liabilities of $386.4m, net assets of $59.9m. It reported 3,744 employees.