Michigan Health Corporation

Analysis

Michigan Health Corporation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 1997, 29 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 June 2023, Michigan Health Corporation reported income of $5.2m and spending of $2.3m, leaving 57% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $4.8m to $5.2m (+9.2%), an average of +1.8% a year. The sharpest change came in the year to June 2019, when income rose by 136%. Over the whole period it spent 24% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michigan Health Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Community Helping Addicts Negotiate Change Effectively ($5.2m), Avalon Healing Center ($5.2m) and Western Horizons Living Centers ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 48% of the total. At year end it held assets of $57.2m against liabilities of $1.4m, net assets of $55.8m.