Ohio State Innovation Foundation

Analysis

Ohio State Innovation Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ohio State Innovation Foundation reported income of $15.3m and spending of $14.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.3m to $15.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 526%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohio State Innovation Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Thomas Jefferson Classical Academy ($15.2m), Community Highered Institute ($15.3m) and New Classrooms Innovation Partners Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $9.8m against liabilities of $102k, net assets of $9.7m.