Community Hospital Health Services Foundation

Analysis

Community Hospital Health Services Foundation is a registered charity in United States, based in Blue Ash, OH. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Community Hospital Health Services Foundation reported income of $282k and spending of $1.1m, spending 406% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $142k to $282k (+99%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 590% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Hospital Health Services Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Goodwill Industries Foundation of Greater Nebraska Inc ($282k), Dade County Association of Fire Fighters Charities Inc ($282k) and The Jeremiah Project Inc ($282k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $172k (15% of expenses). Other salaries and wages came to $150k. At year end it held assets of $25.4m against liabilities of $276k, net assets of $25.1m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.