Henry County Hospital Inc

Analysis

Henry County Hospital Inc is a registered charity in United States, based in Napoleon, OH. It received its IRS tax-exemption ruling in September 1960, 66 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 October 2023, Henry County Hospital Inc reported income of $36.6m and spending of $35.2m, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $32.9m to $36.6m (+12%), an average of +2.8% a year. The sharpest change came in the year to October 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Henry County Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Claiborne Medical Center ($36.6m), Positive Education Program ($36.7m) and Travis Association for the Blind ($36.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $823k (2.3% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $24.0m against liabilities of $8.0m, net assets of $16.0m. It reported 355 employees.