Aspirus Ontonagon Hospital Inc

Analysis

Aspirus Ontonagon Hospital Inc is a registered charity in United States, based in Ontonagon, MI. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Aspirus Ontonagon Hospital Inc reported income of $11.4m and spending of $13.0m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.9m to $11.4m (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirus Ontonagon Hospital Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Northfield Retirement Communities ($11.4m), Swisher Memorial Healthcare System ($11.4m) and Southeast Texas Regional Advisory Council ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $6.2m against liabilities of $4.9m, net assets of $1.3m. It reported 78 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.