Edward W Sparrow Hospital Association

Analysis

Edward W Sparrow Hospital Association is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 1939, 87 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, Edward W Sparrow Hospital Association reported income of $524.3m and spending of $605.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.00bn to $524.3m (-48%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Edward W Sparrow Hospital Association sits at the 98th percentile: it is larger than about 98% 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 Upmc ($522.6m), Providence Health & Services Mt ($524.6m) and Centro de Salud de LA Comunidad de San Ysidro Inc ($521.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.4m (0.2% of expenses). Other salaries and wages came to $261.6m. At year end it held assets of $1.33bn against liabilities of $630.8m, net assets of $702.0m.