Parma Hospital Health Care Foundation

Analysis

Parma Hospital Health Care Foundation is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in November 1989, 37 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 2023, Parma Hospital Health Care Foundation reported income of $1.7m and spending of $517k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $993k to $1.7m (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parma Hospital Health Care Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Kenyarelief Org ($1.7m), Heart and Soul ($1.7m) and Sims Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $119k. At year end it held assets of $11.3m against liabilities of $1.4m, net assets of $10.0m.