Trihealth Inc

Analysis

Trihealth Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Trihealth Inc reported income of $323.2m and spending of $334.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $248.1m to $323.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Trihealth Inc sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Christian Broadcasting Network Inc ($300.1m), CL Healthcare Inc ($329.0m) and Cottage Health ($265.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $12.6m (3.8% of expenses). Other salaries and wages came to $105.4m. At year end it held assets of $1.84bn against liabilities of $138.5m, net assets of $1.70bn. It reported 1,323 employees.