Southern Ohio Medical Center

Analysis

Southern Ohio Medical Center is a registered charity in United States, based in Portsmouth, OH. It received its IRS tax-exemption ruling in April 2006, 20 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, Southern Ohio Medical Center reported income of $520.0m and spending of $463.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $435.2m to $520.0m (+19%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 22%. 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, Southern Ohio 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 McLaren Greater Lansing ($519.2m), Agnesian Healthcare Inc ($521.5m) and Northern Westchester Hospital Association ($519.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $4.6m (1.0% of expenses). Other salaries and wages came to $157.3m. At year end it held assets of $590.6m against liabilities of $189.2m, net assets of $401.4m. It reported 3,744 employees.