Sparrow Health System

Analysis

Sparrow Health System is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sparrow Health System reported income of $77.4m and spending of $87.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $147.0m to $77.4m (-47%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sparrow Health System sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Rpci Oncology PC ($77.4m), Camden-Clark Physician Corporation ($77.4m) and Morris Heights Health Center Inc ($77.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $3.9m (4.5% of expenses). Other salaries and wages came to $29.7m. At year end it held assets of $1.24bn against liabilities of $59.6m, net assets of $1.18bn.