Samaritan Hospital Foundation

Analysis

Samaritan Hospital Foundation is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Samaritan Hospital Foundation reported income of $1.2m and spending of $5.8m, spending 467% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.2m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Samaritan 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 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Nashau Ice Skating Center Corp ($1.2m), South Central Iowa Community Foundation ($1.2m) and Prime Produce Limited ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $255k (4.4% of expenses). Other salaries and wages came to $118k. At year end it held assets of $62.1m against liabilities of $3.8m, net assets of $58.3m. It reported 4 employees.