Ashtabula County Medical Center

Analysis

Ashtabula County Medical Center is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in August 2014, 12 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, Ashtabula County Medical Center reported income of $184.8m and spending of $173.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $166.6m to $184.8m (+11%), an average of +2.6% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ashtabula County Medical Center sits at the 97th percentile: it is larger than about 97% 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 Anderson Hospital ($184.8m), Oswego Hospital Inc ($185.5m) and Metroplex Adventist Hospital Inc ($184.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.4m (1.4% of expenses). Other salaries and wages came to $64.8m. At year end it held assets of $294.7m against liabilities of $137.5m, net assets of $157.2m. It reported 1,153 employees.