Wooster Community Hospital Foundation

Analysis

Wooster Community Hospital Foundation is a registered charity in United States, based in Wooster, OH. It received its IRS tax-exemption ruling in January 1996, 30 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, Wooster Community Hospital Foundation reported income of $39.2m and spending of $37.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.2m to $39.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wooster Community Hospital Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Aspirus Iron River Hospital & Clinics Inc ($39.2m), Head Injury Association Inc ($39.2m) and Indiana University Health Jay Inc ($39.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1.2m (3.1% of expenses). Other salaries and wages came to $22.4m. At year end it held assets of $12.0m against liabilities of $4.7m, net assets of $7.4m. It reported 238 employees.