Corewell Health

Analysis

Corewell Health is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Corewell Health reported income of $82.1m and spending of $132.3m, spending 161% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $74.1m to $82.1m (+11%), an average of +5.3% a year. Over the whole period it spent 165% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corewell Health sits at the 95th percentile: it is larger than about 94% 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 Pittsburgh Care Partnership Inc Community Life ($82.1m), Piedmont Health Services Inc ($82.1m) and Saint Alphonsus Health System Inc ($82.0m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.