Versiti Michigan Inc
1036 Fuller Ave NE, Grand Rapids, MI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $74,790,441 | $69,635,492 | $44,218,874 |
| FY2023 | $69,044,445 | $65,377,053 | $38,656,418 |
| FY2022 | $65,203,787 | $63,869,912 | $35,001,250 |
| FY2021 | $66,476,683 | $63,171,008 | $35,683,511 |
| FY2020 | $59,930,263 | $58,580,268 | $32,135,026 |
| FY2019 | $58,063,694 | $59,125,807 | $29,660,160 |
| FY2018 | $56,063,207 | $56,714,128 | $29,175,374 |
| FY2017 | $56,579,937 | $55,139,545 | $30,824,748 |
| FY2016 | $56,801,975 | $57,065,989 | $28,731,899 |
| FY2015 | $47,589,538 | $47,620,881 | $28,558,637 |
| FY2014 | $44,041,354 | $41,902,724 | $29,467,097 |
| FY2013 | $24,079,616 | $21,181,588 | $29,567,892 |
| FY2012 | $41,439,374 | $41,476,347 | $25,781,823 |
Form 990 filings
The returns filed by Versiti Michigan Inc (EIN 38-1550001), 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 | $566,685 | 1% |
| Program service revenue | $73,832,938 | 99% |
| Other revenue | $390,818 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $59,357,594 | 85% |
| Management & general | $10,277,898 | 15% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2024. That is higher than 49.7% of 181 Health Care organizations in MI.
- Net assets covered about 7.6 months of expenses at the end of the reporting year. That puts it in the 42nd percentile among 582 Health Care organizations in MI.
- Total revenue was higher than 87.5% of 601 Health Care organizations in MI.
- Total revenue rose from $41,439,374 in FY2012 to $74,790,441 in FY2024. Revenue increased in 8 and decreased in 4 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 13 reported years (FY2012, FY2015, FY2016, FY2018, FY2019).
- Net assets grew from $25,781,823 to $44,218,874 between FY2012 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
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
IRS status
| Ruling year | 1964 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E61Z — Health Care (in MI) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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