Straith Hospital for Special Surgery

Analysis

Straith Hospital for Special Surgery is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in January 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 October 2023, Straith Hospital for Special Surgery reported income of $15.7m and spending of $18.8m, spending 120% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $17.4m to $15.7m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to October 2020, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Straith Hospital for Special Surgery sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Princeton Memorial Company ($15.7m), Lewis & Clark Behavioral Health Services Inc ($15.7m) and Primary Care of Southwest Georgia ($15.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $484k (2.6% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $14.4m against liabilities of $9.6m, net assets of $4.8m. It reported 200 employees.