McLaren Bay Medical Foundation

Analysis

McLaren Bay Medical Foundation is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in January 1978, 48 years ago. 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 September 2023, McLaren Bay Medical Foundation reported income of $2.4m and spending of $1.1m, leaving 53% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $701k to $2.4m (+238%), an average of +36% a year. The sharpest change came in the year to September 2023, when income rose by 117%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McLaren Bay Medical Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Orchard House Inc ($2.4m), United Way of the Lowcountry Inc ($2.4m) and Alaska Eskimo Whaling Commission ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $276k. At year end it held assets of $15.8m against liabilities of $34k, net assets of $15.8m.