Medstar Inc

Analysis

Medstar Inc is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Medstar Inc reported income of $73.7m and spending of $77.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.4m to $73.7m (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medstar Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Artesia General Hospital ($73.6m), Mary Manning Walsh Nursing Home Co Inc ($73.8m) and Petaluma Health Center ($73.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $660k (0.9% of expenses). Other salaries and wages came to $42.4m. At year end it held assets of $43.8m against liabilities of $17.7m, net assets of $26.1m. It reported 1,058 employees.