Munson Healthcare Charlevoix Hospital

Analysis

Munson Healthcare Charlevoix Hospital is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in October 1945, 81 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, Munson Healthcare Charlevoix Hospital reported income of $75.9m and spending of $72.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.9m to $75.9m (+17%), an average of +4.0% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Munson Healthcare Charlevoix Hospital 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 Carilion Rockbridge Community Hospital ($75.9m), Becket Academy Inc ($76.0m) and American College of Physicians Inc ($75.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $128k (0.2% of expenses). Other salaries and wages came to $24.1m. At year end it held assets of $34.7m against liabilities of $10.3m, net assets of $24.4m. It reported 467 employees.