The Academy of Medicine of Cincinnati Foundation

Analysis

The Academy of Medicine of Cincinnati Foundation is a registered charity in United States, based in Blue Ash, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Academy of Medicine of Cincinnati Foundation reported income of $64k and spending of $115k, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $64k (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Academy of Medicine of Cincinnati Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Chinese Mutual Aid International Network ($64k), Juvenile Bipolar Research Foundation Inc ($64k) and Memon Organization of North America ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $1.4m against liabilities of $3,020, net assets of $1.4m.

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.