Lorain County Medical Foundation

Analysis

Lorain County Medical Foundation is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in January 1964, 62 years ago. 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 December 2023, Lorain County Medical Foundation reported income of $96k and spending of $27k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $139k to $96k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lorain County Medical Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($96k), Mmi Alumni Battalion ($96k) and Cambridge Area Resource Team Inc ($96k).

At year end it held assets of $883k against liabilities of $0, net assets of $883k.