Mymichigan Health

Analysis

Mymichigan Health is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Mymichigan Health reported income of $214.9m and spending of $100.9m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $127.5m to $214.9m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 391%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mymichigan Health sits at the 97th percentile: it is larger than about 97% 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 Saint Francis Hospital South LLC ($214.2m), Ucsf Health Community Hospitals ($215.1m) and Trailhead Community Health Fund of Greater Akron ($214.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 46% of the total. Compensation of current officers, directors and key employees was $7.0m (7.0% of expenses). Other salaries and wages came to $33.7m. At year end it held assets of $1.37bn against liabilities of $274.0m, net assets of $1.10bn. It reported 587 employees.