Lake Hospital Foundation Inc

Analysis

Lake Hospital Foundation Inc is a registered charity in United States, based in Concord TWP, OH. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Hospital Foundation Inc reported income of $848k and spending of $875k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $848k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income rose by 325%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Hospital Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Medical Technology and Practice Patterns Institute Inc ($848k), Family Practice Inquiries Network Consortium Inc ($848k) and Whatcom County Pregnancy Clinic ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $278k. At year end it held assets of $23.6m against liabilities of $5.4m, net assets of $18.2m.