Mymichigan Medical Center Sault

Analysis

Mymichigan Medical Center Sault is a registered charity in United States, based in Midland, 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 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, Mymichigan Medical Center Sault reported income of $140.0m and spending of $143.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $113.2m to $140.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 126%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mymichigan Medical Center Sault sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Mercy Health Northwest Arkansas Communities ($140.0m), Morristown Hamblen Hosp ($140.1m) and Concord Hospital - Laconia ($139.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.5m (1.7% of expenses). Other salaries and wages came to $56.1m. At year end it held assets of $106.4m against liabilities of $32.4m, net assets of $74.0m. It reported 1,093 employees.