Beaumont Health Foundation
100 Corewell Dr NW, Grand Rapids, MI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $27,752,975 | $37,956,826 | $217,140,124 |
| FY2023 | $37,113,715 | $37,416,260 | $204,063,127 |
| FY2022 | $35,689,489 | $29,477,563 | $197,574,284 |
| FY2021 | $33,188,557 | $26,599,757 | $229,022,843 |
| FY2020 | $51,430,194 | $24,474,949 | $209,202,645 |
| FY2019 | $59,066,042 | $25,980,632 | $192,108,302 |
| FY2018 | $45,444,156 | $32,775,051 | $209,268,909 |
| FY2017 | $84,865,245 | $11,193,109 | $107,457,719 |
Form 990 filings
The returns filed by Beaumont Health Foundation (EIN 36-4852171), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $12,287,005 | 44% |
| Program service revenue | $0 | 0% |
| Other revenue | $15,465,970 | 56% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $31,776,558 | 84% |
| Management & general | $179,453 | <1% |
| Fundraising | $6,000,815 | 16% |
What the numbers show
- Other revenue made up 56% of total revenue in FY2024.
- Program services accounted for 84% of functional expenses, management & general 0%, and fundraising 16%.
- 84% of functional expenses went to program services in FY2024. That is higher than 39.8% of 181 Health Care organizations in MI.
- Net assets covered about 68.6 months of expenses at the end of the reporting year. That puts it in the 86th percentile among 582 Health Care organizations in MI.
- Total revenue was higher than 80.2% of 601 Health Care organizations in MI.
- Total revenue fell from $84,865,245 in FY2017 to $27,752,975 in FY2024. Revenue increased in 3 and decreased in 4 of 7 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 8 reported years (FY2023, FY2024).
- The highest revenue on record here is $84,865,245 in FY2017.
- Net assets grew from $107,457,719 to $217,140,124 between FY2017 and FY2024.
- Contributions and grants made up 92% of revenue in FY2017 and 44% in FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E21 — Health Care (in MI) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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