Msu Health Care Inc

Analysis

Msu Health Care Inc is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in September 2019, 7 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, Msu Health Care Inc reported income of $103.2m and spending of $106.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $103.2m (+1488%), an average of +100% a year. The sharpest change came in the year to June 2021, when income rose by 34205%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Msu Health Care Inc sits at the 95th percentile: it is larger than about 95% 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 Reid Physician Associates Inc ($103.2m), Caresource West Virginia Co ($103.3m) and Aurora Medical Center Bay Area Inc ($103.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.2m (1.2% of expenses). Other salaries and wages came to $28.4m. At year end it held assets of $43.8m against liabilities of $22.2m, net assets of $21.6m.

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.