Munising Memorial Hospital Association

Analysis

Munising Memorial Hospital Association is a registered charity in United States, based in Munising, MI. It received its IRS tax-exemption ruling in January 1947, 79 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 March 2023, Munising Memorial Hospital Association reported income of $13.8m and spending of $13.5m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $11.0m to $13.8m (+25%), an average of +5.8% a year. The sharpest change came in the year to March 2021, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Munising Memorial Hospital Association sits at the 86th percentile: it is larger than about 86% 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 Fish River Rural Health ($13.8m), Highlands Living Center Inc ($13.8m) and NLW Inc ($13.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $501k (3.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $13.4m against liabilities of $9.2m, net assets of $4.2m. It reported 103 employees.