Cincinnati Foundation for Mortuary Education

Analysis

Cincinnati Foundation for Mortuary Education is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1967, 59 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cincinnati Foundation for Mortuary Education reported income of $2.1m and spending of $3.0m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 61%. 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, Cincinnati Foundation for Mortuary Education sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Governors Institutes of Vermont ($2.1m), Acts Christian Transitional Service Inc ($2.1m) and Western Dakota Vocational Technical Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $304k (10% of expenses). Other salaries and wages came to $838k. At year end it held assets of $6.2m against liabilities of $3.4m, net assets of $2.9m. It reported 26 employees.