Mymichigan Medical Center Gladwin

Analysis

Mymichigan Medical Center Gladwin is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in March 1957, 69 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 Gladwin reported income of $50.7m and spending of $44.2m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.9m to $50.7m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 86% 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 Gladwin sits at the 93rd percentile: it is larger than about 93% 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 Uab Medicine Enterprise ($50.7m), Medical Center of Deltona Inc ($50.7m) and Washington Township Medical Foundation ($50.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2,500 (0.0% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $91.8m against liabilities of $12.7m, net assets of $79.1m. It reported 282 employees.