Henry Ford Medical Group Genesys

Analysis

Henry Ford Medical Group Genesys is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2020, 6 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 June 2023, Henry Ford Medical Group Genesys reported income of $48.1m and spending of $53.1m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $47.6m to $48.1m (+1.0%), an average of +0.3% a year. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Henry Ford Medical Group Genesys 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 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Ohiohealth Corporation ($48.0m), George West Mental Health Foundation Inc ($48.1m) and American Foundation for Suicide Prevention ($48.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $987k (1.9% of expenses). Other salaries and wages came to $22.1m. At year end it held assets of $48.5m against liabilities of $6.4m, net assets of $42.1m. It reported 185 employees.

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.