Toledo Hospital

Analysis

Toledo Hospital is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in February 1933, 93 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, Toledo Hospital reported income of $1.59bn and spending of $1.47bn, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.14bn to $1.59bn (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Toledo Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Commonspirit Washington ($1.59bn), Elderplan Inc ($1.59bn) and Rochester General Hospital ($1.58bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Other salaries and wages came to $404.0m. At year end it held assets of $1.63bn against liabilities of $2.15bn, net assets of -$518.1m. It reported 8,471 employees.