McLaren Central Michigan

Analysis

McLaren Central Michigan is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in April 1941, 85 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 Central Michigan reported income of $146.5m and spending of $166.3m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $86.6m to $146.5m (+69%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLaren Central Michigan sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include McLaren Lapeer Region ($146.0m), Chinese Hospital Association ($146.6m) and Piedmont Walton Hospital Inc ($145.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $756k (0.5% of expenses). Other salaries and wages came to $76.2m. At year end it held assets of $66.3m against liabilities of $10.9m, net assets of $55.4m. It reported 895 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.