Munson Home Care

Analysis

Munson Home Care is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Munson Home Care reported income of $24.6m and spending of $27.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $29.2m to $24.6m (-16%), an average of -4.2% a year. 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, Munson Home Care sits at the 90th percentile: it is larger than about 90% 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 Milwaukee Health Services Inc ($24.6m), Tyler Family Circle of Care ($24.6m) and Baker Places Inc ($24.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $14.8m. At year end it held assets of $9.0m against liabilities of $2.5m, net assets of $6.6m. It reported 279 employees.