Licking Memorial Health Professionals

Analysis

Licking Memorial Health Professionals is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Licking Memorial Health Professionals reported income of $53.0m and spending of $110.1m, spending 208% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.2m to $53.0m (+15%), an average of +3.5% a year. Over the whole period it spent 205% 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 Professionals sits at the 93rd percentile: it is larger than about 93% of them. 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 Community Access Inc ($53.0m), Accesscny Inc ($53.1m) and Access Health Louisiana ($53.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $316k (0.3% of expenses). Other salaries and wages came to $72.8m. At year end it held assets of $25.2m against liabilities of $25.1m, net assets of $46k. It reported 514 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.