McLaren Oakland

Analysis

McLaren Oakland is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in July 1957, 69 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 Oakland reported income of $270.0m and spending of $244.8m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $234.8m to $270.0m (+15%), an average of +3.6% 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, McLaren Oakland 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 Maryland General Hospital ($269.1m), Swedish Edmonds ($270.3m) and Lurie Childrens Medical Group Inc ($269.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $684k (0.3% of expenses). Other salaries and wages came to $89.2m. At year end it held assets of $180.1m against liabilities of $65.3m, net assets of $114.8m. It reported 1,377 employees.