Preterm Foundation

Analysis

Preterm Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1995, 31 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, Preterm Foundation reported income of $396k and spending of $599k, spending 151% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $113k to $396k (+251%), an average of +52% a year. The sharpest change came in the year to June 2021, when income rose by 194%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Preterm Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include The Black Womens Health Alliance ($395k), Indian Neighborhood Club on Alcohol and Drugs ($396k) and Group for the Advancement of Psychiatry Inc ($395k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $4.9m against liabilities of $363, net assets of $4.9m.