Ottawa Regional Hospital & Healthcare Center

Analysis

Ottawa Regional Hospital & Healthcare Center is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in January 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ottawa Regional Hospital & Healthcare Center reported income of $195.2m and spending of $137.9m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $113.0m to $195.2m (+73%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ottawa Regional Hospital & Healthcare Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Golden Valley Health Centers ($195.1m), Arch Health Partners Inc ($195.5m) and NHNFP Healthcare Inc ($194.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $338k (0.2% of expenses). Other salaries and wages came to $53.4m. At year end it held assets of $145.8m against liabilities of $14.0m, net assets of $131.8m. It reported 688 employees.