Defiance Hospital Inc

Analysis

Defiance Hospital Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in September 1955, 71 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, Defiance Hospital Inc reported income of $89.7m and spending of $71.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $73.8m to $89.7m (+22%), an average of +5.0% a year. 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, Defiance Hospital Inc sits at the 95th percentile: it is larger than about 95% 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 Lower Valley Hospital Association ($89.5m), Childrens Research Institute ($89.7m) and Maine Veterans Home ($89.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $19.0m. At year end it held assets of $42.9m against liabilities of $21.2m, net assets of $21.6m. It reported 433 employees.