McLaren Northern Michigan

Analysis

McLaren Northern Michigan is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in January 1977, 49 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, McLaren Northern Michigan reported income of $271.6m and spending of $248.8m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $288.5m to $271.6m (-5.9%), an average of -1.5% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLaren Northern Michigan sits at the 97th percentile: it is larger than about 97% of them. 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 Shannon Clinic ($270.7m), El Rio Santa Cruz Neighborhood Health Center Inc ($271.8m) and Swedish Edmonds ($270.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.5m (0.6% of expenses). Other salaries and wages came to $82.0m. At year end it held assets of $384.8m against liabilities of $207.1m, net assets of $177.7m. It reported 1,392 employees.