Fostoria Hospital Association

Analysis

Fostoria Hospital Association is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 1964, 62 years ago. 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, Fostoria Hospital Association reported income of $52.5m and spending of $45.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.7m to $52.5m (+32%), an average of +7.2% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fostoria Hospital Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Joseph P Addabbo Family Health Center Inc ($52.4m), Network for Hope Inc ($52.7m) and Quincy Community Action Programs Inc ($52.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 93% of the total. Other salaries and wages came to $10.9m. At year end it held assets of $27.4m against liabilities of $14.3m, net assets of $13.1m. It reported 249 employees.