Marlette Regional Hospital

Analysis

Marlette Regional Hospital is a registered charity in United States, based in Marlette, MI. It received its IRS tax-exemption ruling in February 1953, 73 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, Marlette Regional Hospital reported income of $40.1m and spending of $39.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.6m to $40.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marlette Regional Hospital sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Russell County Kentucky Hospital District Health Facility Corp Inc ($40.1m), The Joseph L Morse Health Center Inc ($40.1m) and Childrens Hospital and Healthcare Services Foundation ($40.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $265k (0.7% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $34.3m against liabilities of $2.7m, net assets of $31.6m. It reported 462 employees.