Mary Free Bed Rehabilitation Hospital Foundation

Analysis

Mary Free Bed Rehabilitation Hospital Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Mary Free Bed Rehabilitation Hospital Foundation reported income of $8.1m and spending of $4.0m, leaving 50% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $3.3m to $8.1m (+143%), an average of +25% a year. The sharpest change came in the year to March 2021, when income rose by 277%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Free Bed Rehabilitation Hospital Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Phoenix Houses of Texas Inc ($8.0m), Abortion Care Network ($8.1m) and Southwest Louisiana Primary Health Care Center Inc ($8.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $249k (6.2% of expenses). Other salaries and wages came to $565k. At year end it held assets of $30.0m against liabilities of $12.3m, net assets of $17.8m.