COREWELL HEALTH
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 | $11,491,275,449 | $11,221,374,806 | $5,575,204,755 |
| FY2023 | $10,374,249,146 | $10,229,587,760 | $5,246,099,921 |
| FY2022 | $9,673,192,506 | $9,483,521,499 | $5,694,532,638 |
| FY2021 | $4,589,850,744 | $4,242,768,664 | $2,944,265,307 |
| FY2020 | $4,346,400,464 | $4,044,586,828 | $2,696,747,745 |
| FY2019 | $3,523,706,223 | $3,358,421,391 | $1,507,550,939 |
| FY2018 | $3,273,546,056 | $3,164,544,697 | $1,373,409,607 |
| FY2017 | $3,103,801,907 | $2,975,971,215 | $1,257,199,176 |
| FY2016 | $3,046,771,758 | $2,845,440,897 | $1,131,722,892 |
| FY2015 | $2,763,166,156 | $2,532,008,520 | $1,088,306,034 |
| FY2014 | $2,599,756,748 | $2,385,512,895 | $1,909,276,573 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $69,671,515 | 1% |
| Program service revenue | $11,210,999,152 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $10,747,716,185 | 96% |
| Management & general | $471,642,965 | 4% |
| Fundraising | $2,015,656 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 96% of functional expenses, management & general 4%, and fundraising 0%.
- 96% of functional expenses went to program services in FY2024. That is higher than 90.7% of 182 Health Care organizations in MI.
- Net assets covered about 6 months of expenses at the end of the reporting year. That puts it in the 36th percentile among 581 Health Care organizations in MI.
- Total revenue was higher than 100.2% of 601 Health Care organizations in MI.
- Total revenue rose from $2,599,756,748 in FY2014 to $11,491,275,449 in FY2024, Revenue increased in 10 and decreased in 0 of 10 year-over-year comparisons.
- Revenue covered expenses in each of the 11 reported years, FY2014 to FY2024.
- Net assets grew from $1,909,276,573 to $5,575,204,755 between FY2014 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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