Sparrow Ionia Hospital

Analysis

Sparrow Ionia Hospital is a registered charity in United States, based in Ionia, MI. It received its IRS tax-exemption ruling in July 1995, 31 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 June 2023, Sparrow Ionia Hospital reported income of $34.5m and spending of $28.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $58.1m to $34.5m (-41%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 50%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sparrow Ionia Hospital sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Shenandoah Valley Medical System Inc ($34.5m), The St Francis Hospital Foundation Inc ($34.6m) and Life Connection of Ohio ($34.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $141k (0.5% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $71.0m against liabilities of $8.2m, net assets of $62.8m.