Lorain County Medical Society Foundation Inc

Analysis

Lorain County Medical Society Foundation Inc is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in June 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lorain County Medical Society Foundation Inc reported income of $65k and spending of $101k, spending 155% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $65k (-7.2%), an average of -7.2% a year. Over the whole period it spent 143% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lorain County Medical Society Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Sme East Fund Inc ($65k), Kids Chance of New York Inc ($65k) and Annette Funicello Research Fund for Neurological Diseases ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $267k against liabilities of $2,845, net assets of $264k.