COREWELL HEALTH
100 MICHIGAN ST NE MC 999, GRAND RAPIDS, MI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $1,957,749,115 | $1,658,500,498 | $3,590,310,121 |
| FY2023 | $1,297,092,448 | $1,149,227,831 | $3,030,567,856 |
| FY2022 | $719,851,214 | $815,518,618 | $1,748,323,775 |
| FY2021 | $865,601,487 | $719,559,849 | $2,105,026,145 |
| FY2020 | $1,050,315,288 | $896,411,220 | $1,768,168,334 |
| FY2019 | $836,019,031 | $760,129,710 | $1,374,089,466 |
| FY2018 | $807,176,683 | $756,217,166 | $1,318,570,034 |
| FY2017 | $731,060,091 | $671,675,163 | $1,226,828,158 |
| FY2016 | $646,979,943 | $626,488,761 | $1,042,475,277 |
| FY2015 | $594,547,465 | $526,636,526 | $966,284,335 |
| FY2014 | $466,102,534 | $487,579,642 | $22,277,472 |
| FY2013 | $373,177,941 | $360,550,714 | $29,202,201 |
| FY2012 | $190,523,143 | $183,631,523 | -$38,585,926 |
| FY2011 | $75,878,356 | $104,517,927 | $15,008,040 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $4,704,666 | 0% |
| Program service revenue | $1,667,215,278 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,629,524,284 | 98% |
| Management & general | $28,976,214 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 96.2% of 182 Health Care organizations in MI.
- Net assets covered about 26 months of expenses at the end of the reporting year. That puts it in the 75th percentile among 581 Health Care organizations in MI.
- Total revenue was higher than 99.3% of 601 Health Care organizations in MI.
- Total revenue rose from $75,878,356 in FY2011 to $1,957,749,115 in FY2024, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2011, FY2014, FY2022).
- Net assets grew from $15,008,040 to $3,590,310,121 between FY2011 and 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 September 20, 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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