Lorain County Health & Dentistry

Analysis

Lorain County Health & Dentistry is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in June 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, Lorain County Health & Dentistry reported income of $15.3m and spending of $12.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.7m to $15.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lorain County Health & Dentistry sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Somc Medical Group PC ($15.3m), Sacred Heart Home ($15.3m) and Hardin County General Hospital ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.6m (12% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $28.9m against liabilities of $3.8m, net assets of $25.0m. It reported 147 employees.