Corewell Health

Analysis

Corewell Health is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2014, 12 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 2019, Corewell Health reported income of $1.6m and spending of $990k, leaving 38% of income unspent that year. Across the 2 years on record, from September 2019 to December 2019, income fell from $1.6m to $1.6m (-2.1%), an average of -2.1% a year. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corewell Health sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Mountaineer Community Health Center Inc ($1.6m), American Academy for Cerebral Palsy and Development Medicine ($1.6m) and National Diabetes Volunteer Leadership Council ($1.6m).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 79% of the total. At year end it held assets of $22.7m against liabilities of $607k, net assets of $22.1m.