McLaren Medical Group

Analysis

McLaren Medical Group is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, McLaren Medical Group reported income of $89.2m and spending of $90.0m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $121.6m to $89.2m (-27%), an average of -7.5% a year. The sharpest change came in the year to September 2021, when income dropped by 19%. 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, McLaren Medical Group sits at the 95th percentile: it is larger than about 95% 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 Franciscan Children Hospital ($89.2m), Jefferson Center for Mental Health ($89.4m) and Carthage Area Hospital Inc ($89.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.3m (2.5% of expenses). Other salaries and wages came to $38.7m. At year end it held assets of $90.5m against liabilities of $71.8m, net assets of $18.8m. It reported 1,066 employees.