Trihealth Hospital Inc

Analysis

Trihealth Hospital Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 2015, 11 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, Trihealth Hospital Inc reported income of $3.2m and spending of $14.7m, spending 457% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $69.1m to $3.2m (-95%), an average of -54% a year. The sharpest change came in the year to June 2023, when income rose by 1020%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trihealth Hospital Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include St Johns Health Foundation ($3.2m), New Cardiovascular Horizons Foundation ($3.2m) and American Society for Laser Medicine and Surgery Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $129.8m against liabilities of $298k, net assets of $129.5m. It reported 18 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.