North Canton Medical Foundation

Analysis

North Canton Medical Foundation is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. 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, North Canton Medical Foundation reported income of $619k and spending of $692k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $619k (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 261%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Canton Medical Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Hyde County Non Profit Private Transportation Corporation ($619k), Project Vetrelief Inc ($619k) and Hope for Families and Children Foundation Inc ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $25k. At year end it held assets of $23.9m against liabilities of $0, net assets of $23.9m. It reported 2 employees.