Mount Clemens Regional Healthcare Foundation

Analysis

Mount Clemens Regional Healthcare Foundation is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in November 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mount Clemens Regional Healthcare Foundation reported income of $141k and spending of $183k, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $141k (-91%), an average of -46% a year. The sharpest change came in the year to September 2023, when income dropped by 80%. Over the whole period it spent 180% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Clemens Regional Healthcare Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include The Fellowship Home of Winston- Salem North Carolina Inc ($141k), Ford City Public Library ($141k) and Gregory Community Day Care Center Inc ($140k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% of the total. Other salaries and wages came to $104k. At year end it held assets of $9.7m against liabilities of $592k, net assets of $9.1m.