Munson Healthcare

Analysis

Munson Healthcare is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Munson Healthcare reported income of $215.1m and spending of $177.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $83.0m to $215.1m (+159%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 97%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Munson Healthcare 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 HSHS Medical Group Inc ($211.7m), Skookum Educational Programs ($221.5m) and North Texas Food Bank ($211.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $6.2m (3.5% of expenses). Other salaries and wages came to $78.5m. At year end it held assets of $956.3m against liabilities of $343.7m, net assets of $612.7m. It reported 1,913 employees.