Portsmouth Hospital Corporation

Analysis

Portsmouth Hospital Corporation is a registered charity in United States, based in Portsmouth, OH. It received its IRS tax-exemption ruling in May 2014, 12 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 June 2023, Portsmouth Hospital Corporation reported income of $28.7m and spending of $20.9m, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to June 2023, income grew from $22.4m to $28.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2021, when income rose by 36%. 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, Portsmouth Hospital Corporation sits at the 90th percentile: it is larger than about 90% 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 Braxton County Memorial Hospital Inc ($28.7m), Hunterdon Specialty Care PC ($28.7m) and Hemophilia of Georgia Inc ($28.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $7.9m. At year end it held assets of $28.8m against liabilities of $2.7m, net assets of $26.1m. It reported 213 employees.