Knox Community Hospital

Analysis

Knox Community Hospital is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in August 1978, 48 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, Knox Community Hospital reported income of $235.8m and spending of $234.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $189.3m to $235.8m (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Knox Community Hospital sits at the 97th percentile: it is larger than about 97% 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 Luminis Health Doctors Community Medical Center Inc ($235.7m), Arcare ($236.7m) and United Cerebral Palsy Associations of New York State Inc ($235.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $3.6m (1.5% of expenses). Other salaries and wages came to $97.8m. At year end it held assets of $265.1m against liabilities of $81.4m, net assets of $183.7m. It reported 1,678 employees.