Mary Free Bed Orthotics and Prosthetics

Analysis

Mary Free Bed Orthotics and Prosthetics is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Mary Free Bed Orthotics and Prosthetics reported income of $20.3m and spending of $19.8m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $12.8m to $20.3m (+59%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 26%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Free Bed Orthotics and Prosthetics sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Nexus-Woodbourne Family Healing ($20.3m), Alfred B Maclay Jr Day School ($20.3m) and Western Interstate Commission for Higher Education ($20.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.1% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $191k (1.0% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $17.4m against liabilities of $1.7m, net assets of $15.7m. It reported 153 employees.