Mercy Health Partners

Analysis

Mercy Health Partners is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Mercy Health Partners reported income of $783.9m and spending of $804.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $710.3m to $783.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Health Partners sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Lokahi Assurance Ltd ($758.2m), Ohio Child Care Resource and Referral Association ($800.9m) and St Lukes Physician Group Inc ($747.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.1m (0.4% of expenses). Other salaries and wages came to $320.5m. At year end it held assets of $854.9m against liabilities of $609.2m, net assets of $245.6m. It reported 4,758 employees.