Northeast Ohio Medical University Foundation

Analysis

Northeast Ohio Medical University Foundation is a registered charity in United States, based in Rootstown, OH. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northeast Ohio Medical University Foundation reported income of $8.0m and spending of $2.7m, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $8.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Ohio Medical University Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Florida Lambdarail LLC ($8.0m), Treasure Valley Classical Academy Inc ($8.1m) and High Point Academy ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $155k. At year end it held assets of $35.6m against liabilities of $634k, net assets of $34.9m.