Henry Ford Semi Medical Group

Analysis

Henry Ford Semi Medical Group is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2002, 24 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, Henry Ford Semi Medical Group reported income of $73.4m and spending of $135.0m, spending 184% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.3m to $73.4m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 171% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Henry Ford Semi Medical Group sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Cornerstone Family Healthcare ($73.4m), Brown Emergency Medicine ($73.4m) and Equitas Health Inc ($73.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $48.0m. At year end it held assets of $119.4m against liabilities of $134.1m, net assets of -$14.7m. It reported 2,091 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.