Lima Memorial Joint Operating Company

Analysis

Lima Memorial Joint Operating Company is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in May 1999, 27 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, Lima Memorial Joint Operating Company reported income of $297.5m and spending of $277.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222.6m to $297.5m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lima Memorial Joint Operating Company sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include St Elizabeths Hospital of the Hospital Sisters of the Third Orde ($297.2m), Public Health Institute ($297.8m) and Umass Memorial Health-Milford Regional Medical Center Inc ($296.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.1m (1.1% of expenses). Other salaries and wages came to $98.2m. At year end it held assets of $564.3m against liabilities of $115.5m, net assets of $448.8m. It reported 1,976 employees.