Firelands Regional Medical Center

Analysis

Firelands Regional Medical Center is a registered charity in United States, based in Sandusky, OH. It received its IRS tax-exemption ruling in December 1936, 90 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, Firelands Regional Medical Center reported income of $287.3m and spending of $274.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $291.3m to $287.3m (-1.4%), an average of -0.3% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Firelands Regional Medical Center sits at the 97th percentile: it is larger than about 97% 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 Galion Community Hospital ($287.3m), The Good Samaritan Hospital of Maryland Inc ($288.0m) and White River Health System Inc ($287.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $4.7m (1.7% of expenses). Other salaries and wages came to $100.1m. At year end it held assets of $519.9m against liabilities of $235.8m, net assets of $284.1m. It reported 2,247 employees.