Mymichigan Medical Center Midland

Analysis

Mymichigan Medical Center Midland is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in August 1946, 80 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, Mymichigan Medical Center Midland reported income of $620.5m and spending of $617.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $483.8m to $620.5m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mymichigan Medical Center Midland sits at the 99th percentile: it is larger than about 99% 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 Community Memorial Health System ($620.1m), Bakersfield Memorial Hospital ($620.6m) and Saint Joseph Hospital ($617.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.0m (0.2% of expenses). Other salaries and wages came to $186.3m. At year end it held assets of $1.04bn against liabilities of $288.0m, net assets of $750.3m. It reported 3,765 employees.