Mymichigan Medical Center Alpena

Analysis

Mymichigan Medical Center Alpena is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in May 2016, 10 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 June 2023, Mymichigan Medical Center Alpena reported income of $254.7m and spending of $233.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $145.4m to $254.7m (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 87% 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 Center Alpena sits at the 97th percentile: it is larger than about 97% 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 Anderson Regional Medical Center ($254.4m), Chi St Vincent Hospital Hot Springs ($254.8m) and McLaren Port Huron ($254.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $209k (0.1% of expenses). Other salaries and wages came to $55.2m. At year end it held assets of $264.2m against liabilities of $65.6m, net assets of $198.6m. It reported 1,081 employees.