Canton Medical Education Foundation Inc

Analysis

Canton Medical Education Foundation Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Canton Medical Education Foundation Inc reported income of $5.3m and spending of $5.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $5.3m (+15%), an average of +3.5% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canton Medical Education Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Middle East Bible Outreach ($5.3m), Van Otterloo Family Foundation ($5.3m) and Agamim Classical Academy ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $1.3m (24% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $346k against liabilities of $256k, net assets of $90k. It reported 61 employees.