Neomed Research Corporation

Analysis

Neomed Research Corporation is a registered charity in United States, based in Rootstown, OH. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Neomed Research Corporation reported income of $152k and spending of $77k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $119k to $152k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Neomed Research Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Advocates for Upstate Medical University ($152k), Pause4paws Inc ($152k) and Coldwater Counseling Center Inc ($152k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $779k against liabilities of $2,822, net assets of $776k.