The Methodist Foundation of Ohio Incorporated

Analysis

The Methodist Foundation of Ohio Incorporated is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in March 1968, 58 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Methodist Foundation of Ohio Incorporated reported income of $471k and spending of $469k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $524k to $471k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 87% 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 Methodist Foundation of Ohio Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include People Helping People Network Inc ($471k), Community Foundation Trust of Sarasota County ($471k) and Lcby Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $143k (30% of expenses). Other salaries and wages came to $101k. At year end it held assets of $47.0m against liabilities of $43.0m, net assets of $4.0m. It reported 3 employees.