Jovante Woods Foundation Inc

Analysis

Jovante Woods Foundation Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Jovante Woods Foundation Inc reported income of $68k and spending of $70k, spending 104% of its income. Across the 5 years on record, from December 2017 to December 2022, income fell from $386k to $68k (-83%), an average of -35% a year. The sharpest change came in the year to December 2019, when income dropped by 71%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jovante Woods Foundation Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Wisconsin Orthopaedic Society ($68k), International Federation of Musculoskeletal Research Societies ($68k) and Rebos Inc ($68k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 3.9% of the total. At year end it held assets of $149k against liabilities of $122k, net assets of $27k.

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.