Schoolcraft Memorial Hospital
7870 W US Hwy 2, Manistique, MI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $72,020,045 | $65,977,699 | $10,357,209 |
| FY2023 | $56,179,091 | $56,882,816 | $4,314,863 |
| FY2022 | $49,687,136 | $50,499,954 | $5,576,805 |
| FY2021 | $51,651,017 | $48,000,116 | $6,389,623 |
| FY2020 | $43,906,748 | $42,966,011 | $2,438,722 |
| FY2019 | $38,776,321 | $39,794,824 | $1,174,371 |
| FY2018 | $40,376,021 | $39,431,697 | $2,192,874 |
| FY2017 | $36,882,674 | $34,726,867 | $1,248,550 |
| FY2016 | $30,388,507 | $30,870,432 | -$907,257 |
| FY2015 | $28,496,834 | $29,323,967 | -$425,332 |
| FY2014 | $27,558,313 | $28,014,325 | $4,001,144 |
| FY2013 | $25,179,271 | $27,003,184 | $4,410,707 |
| FY2012 | $23,236,051 | $24,465,699 | $6,240,869 |
| FY2011 | $23,044,667 | $22,754,215 | $7,456,100 |
Form 990 filings
The returns filed by Schoolcraft Memorial Hospital (EIN 74-2517055), 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 | $6,869,414 | 10% |
| Program service revenue | $64,659,997 | 90% |
| Other revenue | $490,634 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $56,788,510 | 86% |
| Management & general | $9,189,189 | 14% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 90% of total revenue in FY2024.
- Program services accounted for 86% of functional expenses, management & general 14%, and fundraising 0%.
- 86% of functional expenses went to program services in FY2024. That is higher than 54.7% of 181 Health Care organizations in MI.
- Net assets covered about 1.9 months of expenses at the end of the reporting year. That puts it in the 19th percentile among 582 Health Care organizations in MI.
- Total revenue was higher than 86.7% of 601 Health Care organizations in MI.
- Total revenue rose from $23,044,667 in FY2011 to $72,020,045 in FY2024. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2019, FY2022, FY2023).
- Net assets grew from $7,456,100 to $10,357,209 between FY2011 and FY2024.
- Contributions and grants made up 4% of revenue in FY2011 and 10% in 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
Provide comprehensive inpatient, outpatient, emergency, medical clinic, and home health services.
IRS status
| Ruling year | 2007 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E20 — 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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