McKenize Memorial Hospital

Analysis

McKenize Memorial Hospital is a registered charity in United States, based in Sandusky, MI. It received its IRS tax-exemption ruling in February 1965, 61 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 September 2023, McKenize Memorial Hospital reported income of $30.1m and spending of $30.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.0m to $30.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2021, when income rose by 22%. 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, McKenize Memorial Hospital sits at the 91st percentile: it is larger than about 91% 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 Castle Family Health Centers Inc ($30.1m), Bradley County Medical Center ($30.1m) and Easter Seals Delaware & Marylands Eastern Shore Inc ($30.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $694k (2.3% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $21.4m against liabilities of $4.2m, net assets of $17.2m. It reported 341 employees.