McLaren Lapeer Region

Analysis

McLaren Lapeer Region is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in December 1986, 40 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 September 2023, McLaren Lapeer Region reported income of $146.0m and spending of $138.6m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $137.5m to $146.0m (+6.2%), an average of +1.5% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLaren Lapeer Region 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 Piedmont Walton Hospital Inc ($145.8m), McLaren Central Michigan ($146.5m) and Childrens Healthcare of Atlanta Inc ($145.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $650k (0.5% of expenses). Other salaries and wages came to $49.7m. At year end it held assets of $155.8m against liabilities of $61.2m, net assets of $94.6m. It reported 1,101 employees.