Fisher Titus Medical Center

Analysis

Fisher Titus Medical Center is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in March 1950, 76 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, Fisher Titus Medical Center reported income of $167.2m and spending of $163.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151.8m to $167.2m (+10%), an average of +2.4% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fisher Titus Medical Center sits at the 96th percentile: it is larger than about 96% 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 Rush Medical Foundation ($167.2m), University of Minnesota Health Clinics and Surgery Center Inc ($167.3m) and The Institute for Family Health ($167.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.1m (1.3% of expenses). Other salaries and wages came to $66.8m. At year end it held assets of $231.8m against liabilities of $42.9m, net assets of $188.9m. It reported 1,224 employees.