Mymichigan Medical Center Alma

Analysis

Mymichigan Medical Center Alma is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in June 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 June 2023, Mymichigan Medical Center Alma reported income of $160.9m and spending of $159.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $131.8m to $160.9m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mymichigan Medical Center Alma 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 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Gundersen Clinic Ltd ($160.3m), C H M C Anesthesia Foundation Inc ($161.2m) and Columbus Community Hospital Inc ($160.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $264k (0.2% of expenses). Other salaries and wages came to $47.0m. At year end it held assets of $133.6m against liabilities of $54.3m, net assets of $79.3m. It reported 1,071 employees.