Family Medical Center of Michigan Inc

Analysis

Family Medical Center of Michigan Inc is a registered charity in United States, based in Temperance, MI. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, 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, Family Medical Center of Michigan Inc reported income of $23.2m and spending of $23.1m, spending 99% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $14.7m to $23.2m (+58%), an average of +16% a year. The sharpest change came in the year to March 2022, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Family Medical Center of Michigan Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Fairbanks Hospital Inc ($23.2m), Yellowstone Boys & Girls Ranch ($23.2m) and Easterseals Florida Inc ($23.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $594k (2.6% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $24.6m against liabilities of $4.5m, net assets of $20.1m. It reported 238 employees.