Aultman Health Foundation

Analysis

Aultman Health Foundation is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Aultman Health Foundation reported income of $77.5m and spending of $77.6m, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $56.4m to $77.5m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aultman Health Foundation sits at the 94th percentile: it is larger than about 94% of them. 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 Camden-Clark Physician Corporation ($77.4m), University Medical Diagnostic Associates Inc ($77.5m) and Sparrow Health System ($77.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $7.5m (9.7% of expenses). Other salaries and wages came to $20.6m. At year end it held assets of $560.9m against liabilities of $165.1m, net assets of $395.9m. It reported 494 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.