Blanchard Valley Health System

Analysis

Blanchard Valley Health System is a registered charity in United States, based in Findlay, OH. It received its IRS tax-exemption ruling in September 1951, 75 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, Blanchard Valley Health System reported income of $65.3m and spending of $134.0m, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $54.3m to $65.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 200% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blanchard Valley Health System sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include California Rural Indian Health Board Inc ($65.3m), The Fortune Society Inc ($65.3m) and AIDS Care Group ($65.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.6m (1.9% of expenses). Other salaries and wages came to $87.8m. At year end it held assets of $113.5m against liabilities of $112.8m, net assets of $623k. It reported 413 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.