Mymichigan Health Foundation

Analysis

Mymichigan Health Foundation is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mymichigan Health Foundation reported income of $13.6m and spending of $23.8m, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $13.6m (+211%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 528%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mymichigan Health Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Uspiritus Inc ($13.6m), Houston Community Health Centers Inc ($13.6m) and St Mary S Nursing Center Inc ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $43.1m against liabilities of $0, net assets of $43.1m.