The Research and Educational Foundation of the Ohio Hospital

Analysis

The Research and Educational Foundation of the Ohio Hospital is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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, The Research and Educational Foundation of the Ohio Hospital reported income of $673k and spending of $839k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $673k (-87%), an average of -39% a year. The sharpest change came in the year to December 2021, when income dropped by 83%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Research and Educational Foundation of the Ohio Hospital sits at the 73rd percentile: it is larger than about 73% 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 Sexual Assault Family Emergency of Harnett County Inc ($673k), Leitersburg Volunteer Fire Company ($673k) and Little League Baseball Inc ($673k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 75% of the total. Other salaries and wages came to $227k. At year end it held assets of $8.8m against liabilities of $168k, net assets of $8.6m.

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.