Healthsource of Ohio Inc

Analysis

Healthsource of Ohio Inc is a registered charity in United States, based in Loveland, OH. It received its IRS tax-exemption ruling in January 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthsource of Ohio Inc reported income of $74.1m and spending of $67.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $50.8m to $74.1m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthsource of Ohio 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 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Urban Affairs Coalition ($74.0m), Adventist Health Partners Inc ($74.3m) and International Academy of Science ($73.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $2.5m (3.6% of expenses). Other salaries and wages came to $28.1m. At year end it held assets of $109.1m against liabilities of $11.2m, net assets of $97.8m. It reported 478 employees.