Easterseals Morc Health Care Inc

Analysis

Easterseals Morc Health Care Inc is a registered charity in United States, based in Auburn Hills, MI. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Easterseals Morc Health Care Inc reported income of $73.4m and spending of $62.0m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $37.4m to $73.4m (+96%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Easterseals Morc Health Care Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Penquis C a P Inc ($73.4m), Medassist of Mecklenburg ($73.8m) and Guide Dogs for the Blind Inc ($72.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.7m (2.7% of expenses). Other salaries and wages came to $35.8m. At year end it held assets of $50.3m against liabilities of $9.2m, net assets of $41.2m. It reported 728 employees.