Sterling Area Health Center

Analysis

Sterling Area Health Center is a registered charity in United States, based in Sterling, MI. It received its IRS tax-exemption ruling in August 1981, 45 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 March 2023, Sterling Area Health Center reported income of $11.8m and spending of $11.4m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $7.9m to $11.8m (+50%), an average of +11% a year. The sharpest change came in the year to March 2020, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sterling Area Health Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Squirrel Hill Health Center ($11.8m), Health Ventures ($11.8m) and Amistad Community Health Center Incorporated ($11.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $1.2m (10% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $10.4m against liabilities of $1.3m, net assets of $9.0m. It reported 126 employees.