Fairfield Medical Center

Analysis

Fairfield Medical Center is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in February 1982, 44 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 December 2023, Fairfield Medical Center reported income of $324.3m and spending of $323.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $280.0m to $324.3m (+16%), an average of +3.7% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairfield Medical Center sits at the 98th percentile: it is larger than about 98% of them. 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 Rutland Hospital Inc ($324.3m), Hoag Clinic Inc ($325.3m) and Miami Childrens Health System Inc ($324.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.9m (0.9% of expenses). Other salaries and wages came to $100.5m. At year end it held assets of $284.5m against liabilities of $176.1m, net assets of $108.4m. It reported 2,030 employees.