Mackinac Island Medical Center Inc

Analysis

Mackinac Island Medical Center Inc is a registered charity in United States, based in Mackinac Is, MI. It received its IRS tax-exemption ruling in March 1980, 46 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 December 2023, Mackinac Island Medical Center Inc reported income of $578k and spending of $350k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $501k to $578k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mackinac Island Medical Center Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Pacific Dermatologic Association ($577k), Radiant Health Natural Medical Center ($578k) and Lifeline Outreach Resource Center Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.