Akron Bar Association Foundation

Analysis

Akron Bar Association Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Akron Bar Association Foundation reported income of $213k and spending of $282k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $354k to $213k (-40%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Akron Bar Association Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include Cascade Medical Center Foundation ($213k), Hillsboro Area Health Foundation ($214k) and Nevus Outreach Inc ($213k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $5.2m against liabilities of $20k, net assets of $5.1m.