Beaver Island Rural Health Center

Analysis

Beaver Island Rural Health Center is a registered charity in United States, based in Beaver Island, MI. It received its IRS tax-exemption ruling in December 1996, 30 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, Beaver Island Rural Health Center reported income of $971k and spending of $928k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $738k to $971k (+32%), an average of +7.1% a year. The sharpest change came in the year to September 2020, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beaver Island Rural Health Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Crosswinds Recovery ($971k), Health Care Transformation Task Force Inc ($971k) and Free Medical Clinic of America ($970k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $85k (9.2% of expenses). Other salaries and wages came to $317k. At year end it held assets of $2.3m against liabilities of $61k, net assets of $2.3m. It reported 12 employees.