ASHLAND HOSPITAL CORPORATION
2201 LEXINGTON AVE, ASHLAND, KY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,006,610,598 | $873,226,520 | $1,022,967,209 |
| FY2024 | $976,812,883 | $805,676,074 | $931,301,705 |
| FY2023 | $762,357,164 | $566,525,812 | $777,001,303 |
| FY2022 | $854,143,689 | $691,470,352 | $461,885,247 |
| FY2021 | $734,768,924 | $597,796,181 | $365,375,112 |
| FY2020 | $493,862,252 | $463,223,600 | $404,969,545 |
| FY2019 | $449,332,256 | $428,539,365 | $373,104,150 |
| FY2018 | $434,494,328 | $418,069,156 | $365,541,957 |
| FY2017 | $424,175,528 | $425,676,369 | $349,765,198 |
| FY2016 | $412,845,282 | $400,661,364 | $331,929,025 |
| FY2015 | $408,305,175 | $396,205,268 | $328,796,623 |
| FY2014 | $427,249,604 | $434,348,026 | $346,264,478 |
| FY2013 | $465,224,893 | $465,791,174 | $417,425,293 |
| FY2012 | $553,449,598 | $517,190,060 | $440,136,565 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $772,698 | 0% |
| Program service revenue | $960,409,610 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $767,239,819 | 88% |
| Management & general | $105,986,701 | 12% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 88% of functional expenses, management & general 12%, and fundraising 0%.
- 88% of functional expenses went to program services in FY2025. That is higher than 66.2% of 77 Health Care organizations in KY.
- Net assets covered about 14.1 months of expenses at the end of the reporting year. That puts it in the 58th percentile among 289 Health Care organizations in KY.
- Total revenue was higher than 99% of 299 Health Care organizations in KY.
- Total revenue rose from $553,449,598 in FY2012 to $1,006,610,598 in FY2025, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2013, FY2014, FY2017).
- Net assets grew from $440,136,565 to $1,022,967,209 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
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
TO PROVIDE COMMUNITY HEALTHCARE SERVICES. TO CARE. TO SERVE. TO HEAL.
IRS status
| Ruling year | 1945 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in KY) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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