Corewell Health - Michigan State University Alliance Corporation

Analysis

Corewell Health - Michigan State University Alliance Corporation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corewell Health - Michigan State University Alliance Corporation reported income of $2.6m and spending of $2.4m, spending 91% of its income. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corewell Health - Michigan State University Alliance Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Eugene Symphony Association Inc ($2.6m), Latino Public Broadcasting ($2.6m) and American Air Museum in Britain ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $989k against liabilities of $25k, net assets of $964k.