Health Net of West Michigan

Analysis

Health Net of West Michigan is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2003, 23 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 September 2023, Health Net of West Michigan reported income of $3.5m and spending of $4.1m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.5m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Net of West Michigan sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Vincentian Collaborative System Rehabilitation Services Inc ($3.5m), Carti Foundation Inc ($3.5m) and Carbon Monroe Pike Drug and Alcohol Commission Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $196k (4.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $1.2m against liabilities of $949k, net assets of $274k. It reported 53 employees.