Henry Ford Health System

Analysis

Henry Ford Health System is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 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 December 2023, Henry Ford Health System reported income of $4.50bn and spending of $4.32bn, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.51bn to $4.50bn (+28%), an average of +6.4% a year. 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, Henry Ford Health System sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Kaiser Foundation Health Plan of Colorado ($4.29bn), Multicare Health System ($4.50bn) and Orlando Health Inc ($4.22bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $21.0m (0.5% of expenses). Other salaries and wages came to $1.91bn. It paid $345k in professional fundraising fees. At year end it held assets of $3.97bn against liabilities of $2.43bn, net assets of $1.54bn. It reported 27,205 employees.