Mary Free Bed Sub-acute Rehabilitation is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2015, with $9,385,387 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$9.4M
▼ 2.4% vs prior year
Health median: $840K
Expenses (FY2023)
$10.8M
Net assets
$8.4M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mary Free Bed Sub-acute Rehabilitation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mary Free Bed Sub-acute Rehabilitation: 9 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mary Free Bed Sub-acute Rehabilitation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mary Free Bed Sub-acute Rehabilitation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $3.2M (FY2015) to $9.4M (FY2023) across 9 reported years.
Financial snapshot
Operating margin
-14.9%
Spent more than it raised in the latest fiscal year.
Total assets
$11.4M
Total liabilities
$3.0M
Net assets
$8.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $9,385,387▼2.4% | $10,787,326▲7.2% | $8,350,991▼14.4% | $11,367,434▲2.1% | 990 |
| 2022 | $9,611,366▲6.6% | $10,060,348▲7.3% | $9,752,930▼4.4% | $11,138,028▼4.7% | 990 |
| 2021 | $9,015,971▲16.7% | $9,378,709▼0.2% | $10,201,912▼3.4% | $11,692,852▼10.1% | 990 |
| 2020 | $7,724,866▼4.3% | $9,394,386▲15.9% | $10,564,650▼13.6% | $13,012,298▲0.6% | 990 |
| 2019 | $8,075,807▲5.5% | $8,102,196▲1.9% | $12,234,170▼0.2% | $12,936,425▼0.5% | 990 |
| 2018 | $7,655,139▲0.7% | $7,954,550▼5.0% | $12,260,559▼2.4% | $12,999,246▼4.8% | 990 |
| 2017 | $7,602,252▲24.8% | $8,369,572▲4.7% | $12,559,970▲19.3% | $13,661,326▲2.9% | 990 |
| 2016 | $6,091,904▲92.6% | $7,992,428▲71.0% | $10,527,290▼15.3% | $13,274,644▼9.7% | 990 |
| 2015 | $3,163,578 | $4,673,049 | $12,427,814 | $14,693,061 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Mary Free Bed Sub-acute Rehabilitation (EIN 46-3971740) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.