Corewell Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 84,865,245 | 11,193,109 | 73,672,136 | 115.2 | 27% |
| 2018 | 45,444,156 | 32,775,051 | 12,669,105 | 76.6 | 18% |
| 2019 | 59,066,042 | 25,980,632 | 33,085,410 | 88.7 | 23% |
| 2020 | 51,430,194 | 24,474,949 | 26,955,245 | 102.6 | 20% |
| 2021 | 33,188,557 | 26,599,757 | 6,588,800 | 103.3 | 16% |
| 2022 | 35,689,489 | 29,477,563 | 6,211,926 | 80.4 | 15% |
| 2023 | 37,113,715 | 37,416,260 | −302,545 | 65.4 | 12% |
In its most recent public year (2023), this organization spent $302,545 more than it brought in. Its reserves stood at about 65.4 months of spending, down from 115.2 in 2017. Staff pay was 12% of spending. $160,557,127 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Corewell Health's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works