Ashtabula County Medical Center Group Return

Analysis

Ashtabula County Medical Center Group Return is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in August 2014, 12 years ago. 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, Ashtabula County Medical Center Group Return reported income of $28.5m and spending of $29.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $41.2m to $28.5m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashtabula County Medical Center Group Return sits at the 98th percentile: it is larger than about 98% 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 Hospice of Central Ohio ($28.5m), Alexian Brothers Community Services ($28.6m) and Delta Area Economic Opportunity Corporation ($28.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $273k (0.9% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $15.5m against liabilities of $2.7m, net assets of $12.8m. It reported 352 employees.