Ohi West Inc

Analysis

Ohi West Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in February 2021, 5 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, Ohi West Inc reported income of $375.1m and spending of $343.0m, spending 91% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $258.6m to $375.1m (+45%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ohi West Inc 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include City Hospital Inc ($374.9m), New York-Presbyterian Fund Inc ($375.5m) and Allen Memorial Hospital Corporation ($371.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $740k (0.2% of expenses). Other salaries and wages came to $119.9m. At year end it held assets of $395.4m against liabilities of $222.3m, net assets of $173.2m. It reported 2,028 employees.