Munson Healthcare Otsego Memorial Hospital

Analysis

Munson Healthcare Otsego Memorial Hospital is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in June 1954, 72 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 Otsego Memorial Hospital reported income of $116.1m and spending of $117.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $116.1m to $116.1m (+0.0%), an average of +0.0% a year. Over the whole period it spent 94% 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 Otsego Memorial Hospital sits at the 96th percentile: it is larger than about 96% 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 Epidaurus ($115.9m), St Nicholas Hospital of the Hospital Sisters of the Third ($116.2m) and Northwest Behavioral Health Partnership Inc ($115.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $251k (0.2% of expenses). Other salaries and wages came to $43.3m. At year end it held assets of $54.7m against liabilities of $11.5m, net assets of $43.2m. It reported 874 employees.