Wood County Hospital Foundation

Analysis

Wood County Hospital Foundation is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 June 2023, Wood County Hospital Foundation reported income of $1.7m and spending of $782k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wood County Hospital Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Greater Wyoming Big Brothers Big Sisters ($1.7m), Columbia Catholic Housing for the Elderly Inc ($1.7m) and Upper Bucks Regional Emergency Medical Services Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% of the total. Other salaries and wages came to $221k. At year end it held assets of $40.6m against liabilities of $35.2m, net assets of $5.4m.