Hocking Valley Medical Group Inc

Analysis

Hocking Valley Medical Group Inc is a registered charity in United States, based in Logan, OH. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Hocking Valley Medical Group Inc reported income of $4.9m and spending of $5.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.9m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hocking Valley Medical Group Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Centre Volunteers in Medicine ($4.9m), Oswego Health Inc ($4.9m) and Samaritan Interfaith Counseling Center Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.9m (38% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $66k against liabilities of $185k, net assets of -$119k. It reported 28 employees.