Trinity Health-Michigan

Analysis

Trinity Health-Michigan is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 1998, 28 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, Trinity Health-Michigan reported income of $3.04bn and spending of $2.88bn, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.67bn to $3.04bn (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trinity Health-Michigan sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Swedish Health Services ($3.01bn), Texas Childrens Health Plan Inc ($3.09bn) and Norton Hospitals Inc ($3.00bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $12.5m (0.4% of expenses). Other salaries and wages came to $1.03bn. At year end it held assets of $4.90bn against liabilities of $1.56bn, net assets of $3.35bn. It reported 20,906 employees.