Innovation Ohio Education Fund

Analysis

Innovation Ohio Education Fund is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Innovation Ohio Education Fund reported income of $446k and spending of $310k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $587k to $446k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Innovation Ohio Education Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Latinas First Foundation ($446k), Nabe Foundation of the National Association for Business Economics ($446k) and Inver Hills Community College Foundation ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (17% of expenses). Other salaries and wages came to $104k. At year end it held assets of $359k against liabilities of $14k, net assets of $345k. It reported 12 employees.