Licking Memorial Health Foundation

Analysis

Licking Memorial Health Foundation is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Licking Memorial Health Foundation reported income of $8.4m and spending of $5.3m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $8.4m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Licking Memorial Health Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Safe Refuge ($8.4m), Charlotte Community Health Clinic Inc ($8.4m) and Hip of Spokane County ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $158.7m against liabilities of $10.1m, net assets of $148.7m.