Southeastern Michigan Health Association

Analysis

Southeastern Michigan Health Association is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in November 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Southeastern Michigan Health Association reported income of $39.1m and spending of $39.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $42.0m to $39.1m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern Michigan Health Association sits at the 99th percentile: it is larger than about 99% 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 Special Health Resources for Texas Incorporated ($39.0m), Goodwill Industries Big Bend Inc ($39.1m) and Chattanooga C a R E S Inc ($38.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $330k (0.8% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $11.0m against liabilities of $6.7m, net assets of $4.3m. It reported 595 employees.