Eaton Rapids Medical Center

Analysis

Eaton Rapids Medical Center is a registered charity in United States, based in Eaton Rapids, MI. It received its IRS tax-exemption ruling in March 1955, 71 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, Eaton Rapids Medical Center reported income of $37.5m and spending of $37.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $38.5m to $37.5m (-2.6%), an average of -0.6% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eaton Rapids Medical Center 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 Womencare Inc ($37.5m), United Medical Centers ($37.5m) and St Marys Good Samaritan Hospital Inc ($37.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $528k (1.4% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $44.8m against liabilities of $9.8m, net assets of $35.1m. It reported 321 employees.