McLaren Health Care Corporation

Analysis

McLaren Health Care Corporation is a registered charity in United States, based in Grand Blanc, MI. It received its IRS tax-exemption ruling in March 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, McLaren Health Care Corporation reported income of $384.2m and spending of $372.4m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $315.5m to $384.2m (+22%), an average of +5.1% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLaren Health Care Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Indiana University Health West Hospital Inc ($383.4m), Monongalia County General Hospital Company ($384.2m) and St Alexius Medical Center ($383.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $29.4m (7.9% of expenses). Other salaries and wages came to $103.9m. At year end it held assets of $834.6m against liabilities of $858.9m, net assets of -$24.3m. It reported 1,591 employees.