Licking Memorial Hospital

Analysis

Licking Memorial Hospital is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in January 1937, 89 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, Licking Memorial Hospital reported income of $317.6m and spending of $296.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285.6m to $317.6m (+11%), an average of +2.7% a year. Over the whole period it spent 84% 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 Hospital sits at the 98th percentile: it is larger than about 98% of them. 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 Lifebridge Health Inc ($317.4m), Christus Health Northern Louisiana ($318.2m) and Michael J Fox Foundation for Parkinsons Research ($316.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 109% of the total. Compensation of current officers, directors and key employees was $1.3m (0.4% of expenses). Other salaries and wages came to $114.5m. At year end it held assets of $189.8m against liabilities of $59.3m, net assets of $130.5m. It reported 1,988 employees.