Aspirus Keweenaw

Analysis

Aspirus Keweenaw is a registered charity in United States, based in Laurium, MI. It received its IRS tax-exemption ruling in August 1969, 57 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, Aspirus Keweenaw reported income of $70.9m and spending of $67.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.1m to $70.9m (+26%), an average of +6.0% a year. 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, Aspirus Keweenaw sits at the 94th percentile: it is larger than about 94% of them. 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 Health Systems Facilities Inc ($70.8m), Merakey USA ($70.9m) and Metro Community Provider Network Inc ($70.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $517k (0.8% of expenses). Other salaries and wages came to $23.0m. At year end it held assets of $50.3m against liabilities of $21.9m, net assets of $28.3m. It reported 347 employees.