Ohiohealth Corporation

Analysis

Ohiohealth Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 1942, 84 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 June 2023, Ohiohealth Corporation reported income of $4.52bn and spending of $3.82bn, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.39bn to $4.52bn (+33%), an average of +7.5% a year. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ohiohealth Corporation 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 Multicare Health System ($4.50bn), Cedars-Sinai Medical Center ($4.66bn) and Henry Ford Health System ($4.50bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $18.1m (0.5% of expenses). Other salaries and wages came to $1.47bn. At year end it held assets of $9.79bn against liabilities of $3.23bn, net assets of $6.56bn. It reported 27,380 employees.