Columbus Medical Association Foundation

Analysis

Columbus Medical Association Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Columbus Medical Association Foundation reported income of $658k and spending of $3.9m, spending 599% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $658k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 384% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Columbus Medical Association Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Interstate Postgraduate Medical Association of North America ($658k), International Neuromodulation Society ($658k) and Mount St Marys Hospital Foundation Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $468k (12% of expenses). Other salaries and wages came to $176k. At year end it held assets of $104.1m against liabilities of $2.2m, net assets of $101.8m. It reported 12 employees.

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.