Munson Healthcare Cadillac

Analysis

Munson Healthcare Cadillac is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in September 2014, 12 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, Munson Healthcare Cadillac reported income of $131.4m and spending of $126.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $112.1m to $131.4m (+17%), an average of +4.1% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Munson Healthcare Cadillac sits at the 96th percentile: it is larger than about 96% 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 St Marys Hospital ($131.4m), Tri-State Memorial Hospital ($131.5m) and Main Street Community Initiatives ($131.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $150k (0.1% of expenses). Other salaries and wages came to $41.0m. At year end it held assets of $50.4m against liabilities of $15.2m, net assets of $35.2m. It reported 872 employees.