Munson Healthcare Foundations

Analysis

Munson Healthcare Foundations is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in May 1986, 40 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 June 2023, Munson Healthcare Foundations reported income of $11.1m and spending of $16.2m, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $11.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Munson Healthcare Foundations 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 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Solomon Schechter Day School of Nassau County ($11.1m), N Street Village Inc ($11.1m) and Wisconsin Library Services ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 13% of the total. Other salaries and wages came to $949k. It paid $1,800 in professional fundraising fees. At year end it held assets of $70.9m against liabilities of $231k, net assets of $70.6m. It reported 18 employees.