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 $131.1m and spending of $131.1m, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $110.9m to $131.1m (+18%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 102% 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 96th percentile: it is larger than about 96% 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 Austin-Travis County Mental Health and Mental Retardation Center ($130.9m), Health Services Management Inc ($131.1m) and Sealy & Smith Foundation ($130.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.