Thunder Bay Community Health Service Inc

Analysis

Thunder Bay Community Health Service Inc is a registered charity in United States, based in Hillman, MI. It received its IRS tax-exemption ruling in September 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 February 2024, Thunder Bay Community Health Service Inc reported income of $32.6m and spending of $29.4m, spending 90% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $21.8m to $32.6m (+50%), an average of +11% a year. The sharpest change came in the year to February 2024, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thunder Bay Community Health Service Inc sits at the 91st percentile: it is larger than about 91% 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 Hospital Comunitario Buen Samaritano Inc ($32.6m), The William George Agency for Childrens Services Inc ($32.6m) and Roanoke Chowan Community Health Center Inc ($32.6m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $635k (2.2% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $22.9m against liabilities of $5.6m, net assets of $17.4m. It reported 259 employees.