University of Toledo Physicians Clinical Facility Inc

Analysis

University of Toledo Physicians Clinical Facility Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in March 2007, 19 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Toledo Physicians Clinical Facility Inc reported income of $114.8m and spending of $126.0m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $114.7m to $114.8m (+0.1%), an average of +0.0% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Toledo Physicians Clinical Facility Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Harding University ($114.5m), Breakthrough Energy Foundation ($115.2m) and Grays Harbor Community Hospital ($114.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $11.8m (9.4% of expenses). Other salaries and wages came to $74.5m. At year end it held assets of $73.3m against liabilities of $45.9m, net assets of $27.4m. It reported 730 employees.