Mymichigan Medical Group

Analysis

Mymichigan Medical Group is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in January 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, Mymichigan Medical Group reported income of $178.4m and spending of $178.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $124.5m to $178.4m (+43%), an average of +9.4% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mymichigan Medical Group sits at the 97th percentile: it is larger than about 96% 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 Union Hospital of Cecil County ($177.8m), Community Health Partners ($178.5m) and Eastern Maine Healthcare Systems ($177.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $6.4m (3.6% of expenses). Other salaries and wages came to $124.3m. At year end it held assets of $7.9m against liabilities of $15.7m, net assets of -$7.8m. It reported 1,008 employees.