Corewell Health

Analysis

Corewell Health is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2014, 12 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 2019, Corewell Health reported income of $3.0m and spending of $3.2m, spending 108% of what it took in. Across the 2 years on record, from September 2019 to December 2019, income fell from $11.9m to $3.0m (-75%), an average of -75% a year. The sharpest change came in the year to December 2019, when income dropped by 75%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corewell Health sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Jbi International Inc ($3.0m), Northeast Florida AIDS Network Inc ($3.0m) and Womens Resource Medical Centers of Southern Nevada Inc ($3.0m).

On its Form 990 for the period ending December 2019, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $11.7m against liabilities of $8.6m, net assets of $3.1m. It reported 183 employees.