Western Michigan University Homer Stryker M D School of Medicine

Analysis

Western Michigan University Homer Stryker M D School of Medicine is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Western Michigan University Homer Stryker M D School of Medicine reported income of $122.2m and spending of $121.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $101.3m to $122.2m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 287%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Michigan University Homer Stryker M D School of Medicine sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Harvey Mudd College ($122.0m), Maryland Institute ($122.2m) and North Carolina Partnership for Children Inc ($121.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $1.1m (0.9% of expenses). Other salaries and wages came to $69.9m. At year end it held assets of $444.4m against liabilities of $97.6m, net assets of $346.7m. It reported 1,189 employees.