Cincinnati Education and Research for Veterans Foundation

Analysis

Cincinnati Education and Research for Veterans Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover medical research, 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 September 2023, Cincinnati Education and Research for Veterans Foundation reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.5m (-20%), an average of -5.3% a year. The sharpest change came in the year to September 2022, when income dropped by 25%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cincinnati Education and Research for Veterans Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include East Texas Pregnancy Help Center Inc ($1.5m), Fbiaa Memorial College Fund ($1.5m) and Iroquois Healthcare Association Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $158k (9.6% of expenses). Other salaries and wages came to $1000k. At year end it held assets of $1.8m against liabilities of $848k, net assets of $978k. It reported 23 employees.