McLaren Port Huron

Analysis

McLaren Port Huron is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in December 1982, 44 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 September 2023, McLaren Port Huron reported income of $254.1m and spending of $245.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $252.5m to $254.1m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLaren Port Huron sits at the 97th percentile: it is larger than about 97% 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 Baptist Memorial Hospital-North Mississippi Inc ($253.8m), Anderson Regional Medical Center ($254.4m) and Hamaspik Care Inc ($253.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.5m (0.6% of expenses). Other salaries and wages came to $94.5m. At year end it held assets of $382.8m against liabilities of $91.5m, net assets of $291.3m. It reported 1,609 employees.