MCR Health Inc

Analysis

MCR Health Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in April 1978, 48 years ago. 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 December 2022, MCR Health Inc reported income of $156.8m and spending of $166.8m, spending 106% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $86.6m to $156.8m (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MCR Health Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Donor Network West ($155.1m), Migrant Health Center ($158.0m) and Gibson Area Hospital ($154.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.7m (2.8% of expenses). Other salaries and wages came to $66.8m. At year end it held assets of $108.9m against liabilities of $74.6m, net assets of $34.3m. It reported 1,292 employees.