Iha Health Services Corporation

Analysis

Iha Health Services Corporation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in January 2012, 14 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 June 2023, Iha Health Services Corporation reported income of $479.8m and spending of $474.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $320.4m to $479.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iha Health Services Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Chester County Hospital ($479.3m), Mercy Hospital of Buffalo ($480.2m) and Midstate Medical Center ($478.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $8.9m (1.9% of expenses). Other salaries and wages came to $319.0m. At year end it held assets of $324.7m against liabilities of $171.7m, net assets of $153.0m. It reported 3,994 employees.