Munson Healthcare Grayling

Analysis

Munson Healthcare Grayling is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in August 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 Grayling reported income of $94.5m and spending of $99.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $94.1m to $94.5m (+0.4%), an average of +0.1% a year. Over the whole period it spent 98% 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 Grayling sits at the 95th percentile: it is larger than about 95% 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 Anthony Regional Hospital and Nursing Home ($94.4m), The New London Hospital Association Inc ($94.5m) and Alice Hyde Medical Center ($94.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $252k (0.3% of expenses). Other salaries and wages came to $36.7m. At year end it held assets of $37.9m against liabilities of $14.4m, net assets of $23.5m. It reported 756 employees.