Ohio County Hospital Corporation

Analysis

Ohio County Hospital Corporation is a registered charity in United States, based in Hartford, KY. It received its IRS tax-exemption ruling in June 1985, 41 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 September 2023, Ohio County Hospital Corporation reported income of $84.3m and spending of $77.2m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $44.9m to $84.3m (+88%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ohio County Hospital Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Interborough Developmental & Consultation Center Inc ($84.3m), Ann & Robert H Lurie Childrens Hospital of Chicago Foundation ($84.6m) and St Lukes Des Peres Episcopal-Presbyterian Hospital ($84.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $670k (0.9% of expenses). Other salaries and wages came to $34.3m. At year end it held assets of $60.6m against liabilities of $30.8m, net assets of $29.8m. It reported 778 employees.