Promedica Foundation
100 Madison Ave, Toledo, OH · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $32,387,903 | $19,302,765 | $388,620,828 |
| FY2023 | $16,597,145 | $25,135,923 | $338,466,471 |
| FY2022 | $21,490,515 | $21,862,373 | $330,590,449 |
| FY2021 | $33,946,131 | $20,799,959 | $406,505,834 |
| FY2020 | $24,233,338 | $23,138,052 | $382,293,674 |
| FY2019 | $36,859,915 | $19,762,228 | $345,943,532 |
| FY2018 | $38,479,876 | $18,902,907 | $300,137,459 |
| FY2017 | $64,722,104 | $23,881,195 | $311,225,776 |
| FY2016 | $23,981,625 | $65,030,495 | $264,323,540 |
| FY2015 | $31,005,230 | $15,911,546 | $301,131,501 |
| FY2014 | $36,153,801 | $17,138,407 | $302,075,212 |
| FY2013 | $21,267,566 | $9,665,952 | $286,001,999 |
| FY2012 | $23,713,524 | $12,357,834 | $245,018,198 |
| FY2011 | $18,547,476 | $9,547,066 | $220,477,732 |
Form 990 filings
The returns filed by Promedica Foundation (EIN 34-1517672), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $26,766,753 | 83% |
| Program service revenue | $0 | 0% |
| Other revenue | $5,621,150 | 17% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $13,351,309 | 69% |
| Management & general | $3,401,378 | 18% |
| Fundraising | $2,550,078 | 13% |
What the numbers show
- Contributions & grants made up 83% of total revenue in FY2024.
- Program services accounted for 69% of functional expenses, management & general 18%, and fundraising 13%.
- 69% of functional expenses went to program services in FY2024. That is higher than 17.3% of 185 Public & Societal Benefit organizations nationwide (too few in OH for a state comparison).
- Net assets covered about 241.6 months of expenses at the end of the reporting year. That puts it in the 98th percentile among 193 Public & Societal Benefit organizations in OH.
- Total revenue was higher than 99.5% of 199 Public & Societal Benefit organizations in OH.
- Total revenue rose from $18,547,476 in FY2011 to $32,387,903 in FY2024. Revenue increased in 5 and decreased in 8 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2016, FY2022, FY2023).
- The highest revenue on record here is $64,722,104 in FY2017.
- Net assets grew from $220,477,732 to $388,620,828 between FY2011 and FY2024.
- Contributions and grants made up 45% of revenue in FY2011 and 83% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE PROMEDICA FOUNDATION'S MISSION IS TO GENERATE AND DIRECT THE UTILIZATION OF RESOURCES TO ENRICH EXISTING PROGRAMS AND FUND NEW SERVICES, INSPIRING EXCELLENT IN THE PROVISION OF HEALTH CARE AND ENHANCING QUALITY OF LIFE FOR THE PEOPLE OF OUR COMMUNITY.
IRS status
| Ruling year | 1987 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W11 — Public & Societal Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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