Sparrow Eaton Hospital

Analysis

Sparrow Eaton Hospital is a registered charity in United States, based in Charlotte, MI. It received its IRS tax-exemption ruling in October 1944, 82 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, Sparrow Eaton Hospital reported income of $42.5m and spending of $33.1m, leaving 22% of income unspent that year. Across the 6 years on record, from December 2018 to June 2023, income fell from $47.8m to $42.5m (-11%), an average of -2.3% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sparrow Eaton 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 St Marys Community Hospital ($42.5m), Community Hospital of Lagrange County Inc ($42.5m) and Little River Medical Center Inc ($42.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $250k (0.8% of expenses). Other salaries and wages came to $15.6m. At year end it held assets of $113.9m against liabilities of $24.1m, net assets of $89.8m.