Bronson Lakeview Hospital

Analysis

Bronson Lakeview Hospital is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 2008, 18 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, Bronson Lakeview Hospital reported income of $91.6m and spending of $69.6m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $63.6m to $91.6m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bronson Lakeview Hospital sits at the 95th percentile: it is larger than about 95% 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 Cossma Inc ($91.5m), Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical ($91.6m) and Childrens Anesthesiology Associates Ltd ($91.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Other salaries and wages came to $24.1m. At year end it held assets of $84.9m against liabilities of $11.3m, net assets of $73.6m. It reported 439 employees.