Corewell Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 2,599,756,748 | 2,385,512,895 | 214,243,853 | 9.6 | 37% |
| 2015 | 2,763,166,156 | 2,532,008,520 | 231,157,636 | 5.2 | 38% |
| 2016 | 3,046,771,758 | 2,845,440,897 | 201,330,861 | 4.8 | 40% |
| 2017 | 3,103,801,907 | 2,975,971,215 | 127,830,692 | 5.1 | 40% |
| 2018 | 3,273,546,056 | 3,164,544,697 | 109,001,359 | 5.2 | 40% |
| 2019 | 3,523,706,223 | 3,358,421,391 | 165,284,832 | 5.4 | 40% |
| 2020 | 4,346,400,464 | 4,044,586,828 | 301,813,636 | 8.0 | 40% |
| 2021 | 4,589,850,744 | 4,242,768,664 | 347,082,080 | 8.3 | 40% |
| 2022 | 9,673,192,506 | 9,483,521,499 | 189,671,007 | 7.2 | 42% |
| 2023 | 10,374,249,146 | 10,229,587,760 | 144,661,386 | 6.2 | 40% |
In its most recent public year (2023), this organization brought in $144,661,386 more than it spent. Its reserves stood at about 6.2 months of spending, down from 9.6 in 2014. Staff pay was 40% of spending. $200,934,762 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