Promedica Continuing Care Services Corp

Analysis

Promedica Continuing Care Services Corp is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in February 1967, 59 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Promedica Continuing Care Services Corp reported income of $1.1m and spending of $1.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $36.5m to $1.1m (-97%), an average of -58% a year. The sharpest change came in the year to December 2023, when income rose by 1134%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Promedica Continuing Care Services Corp sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Toledo Society for the Blind Inc ($1.1m), Sexual Assault Response Services of Southern Maine ($1.1m) and Focus Recovery & Wellness Community ($1.1m).

Other salaries and wages came to $917k. At year end it held assets of $38.8m against liabilities of $6.8m, net assets of $31.9m. It reported 349 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.