Corewell Health

Analysis

Corewell Health is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2019, Corewell Health reported income of $138k and spending of $152k, spending 111% of what it took in. Across the 2 years on record, from September 2019 to December 2019, income fell from $552k to $138k (-75%), an average of -75% a year. The sharpest change came in the year to December 2019, when income dropped by 75%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corewell Health sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Reach Out Crisis Pregnancy Center ($138k), Illinois Rural Health Foundation ($138k) and McMinn County Emergency and Rescue Squad Inc ($138k).

At year end it held assets of $380k against liabilities of $352k, net assets of $28k.