McLaren Caro Region

Analysis

McLaren Caro Region is a registered charity in United States, based in Caro, MI. It received its IRS tax-exemption ruling in October 1998, 28 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, McLaren Caro Region reported income of $24.0m and spending of $19.5m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.4m to $24.0m (+38%), an average of +8.3% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLaren Caro Region sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Lake View Memorial Hospital Inc ($23.9m), Orange County Asian and Pacific Islander Community Alliance Inc ($24.0m) and River Valley Primary Care Services Incorporated ($23.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $152k (0.8% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $14.1m against liabilities of $4.0m, net assets of $10.1m. It reported 127 employees.