Saginaw Cooperative Hospitals Inc

Analysis

Saginaw Cooperative Hospitals Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saginaw Cooperative Hospitals Inc reported income of $58.6m and spending of $58.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.4m to $58.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saginaw Cooperative Hospitals Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Blessing Corporate Services Inc ($58.6m), Semper Fi & Americas Fund ($58.6m) and Centennial Medical Group Inc ($58.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $675k (1.2% of expenses). Other salaries and wages came to $41.1m. At year end it held assets of $26.9m against liabilities of $17.5m, net assets of $9.4m. It reported 557 employees.