Bethesda Hospital Inc

Analysis

Bethesda Hospital Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 1954, 72 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, Bethesda Hospital Inc reported income of $896.5m and spending of $778.0m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $647.9m to $896.5m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethesda Hospital Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include The Good Samaritan Hospital of Cincinnati Ohio DTD 01251995 ($889.2m), Catholic Health Initiatives-Iowa Corp ($896.6m) and Sky Lakes Medical Center Inc ($887.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $5.5m (0.7% of expenses). Other salaries and wages came to $257.2m. At year end it held assets of $1.30bn against liabilities of $694.1m, net assets of $609.2m. It reported 3,584 employees.