Mary Free Bed Sub-Acute Rehabilitation

Analysis

Mary Free Bed Sub-Acute Rehabilitation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 2015, 11 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 June 2023, Mary Free Bed Sub-Acute Rehabilitation reported income of $9.6m and spending of $10.1m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $9.6m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 107% 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 Sub-Acute Rehabilitation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include 211 Info ($9.6m), Access Esperanza Clinics Inc ($9.6m) and Florida Community Health Network Corp ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $11.1m against liabilities of $1.4m, net assets of $9.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.