Lima Memorial Professional Corporation

Analysis

Lima Memorial Professional Corporation is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lima Memorial Professional Corporation reported income of $29.5m and spending of $49.9m, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $32.7m to $29.5m (-9.7%), an average of -2.5% a year. Over the whole period it spent 172% 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 Professional Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Places for People Incorporated ($29.5m), Springhill Medical Services Inc ($29.5m) and Memorial Community Health Inc ($29.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $33.0m. At year end it held assets of $9.6m against liabilities of $255.3m, net assets of -$245.6m. It reported 142 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.