Sparrow Carson Hospital

Analysis

Sparrow Carson Hospital is a registered charity in United States, based in Carson City, MI. It received its IRS tax-exemption ruling in December 1943, 83 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, Sparrow Carson Hospital reported income of $22.3m and spending of $25.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $44.7m to $22.3m (-50%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sparrow Carson Hospital sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Livingston Hospital and Healthcare Services Inc ($22.3m), Southwest Utah Community Health CT ($22.3m) and Magnolia Manor of Columbus Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $202k (0.8% of expenses). Other salaries and wages came to $11.1m. At year end it held assets of $32.0m against liabilities of $35.3m, net assets of -$3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.