Mary Free Bed Rehabilitation Hospital

Analysis

Mary Free Bed Rehabilitation Hospital is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 1987, 39 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 March 2023, Mary Free Bed Rehabilitation Hospital reported income of $176.2m and spending of $172.5m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $138.6m to $176.2m (+27%), an average of +6.2% 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, Mary Free Bed Rehabilitation Hospital sits at the 97th percentile: it is larger than about 96% 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 National Rehabilitation Hospital Inc ($176.0m), Edward Health Ventures ($176.4m) and University Health Physicians ($175.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.1m (1.8% of expenses). Other salaries and wages came to $93.5m. At year end it held assets of $233.2m against liabilities of $82.4m, net assets of $150.9m. It reported 2,683 employees.