Elyria Medical Center Foundation

Analysis

Elyria Medical Center Foundation is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elyria Medical Center Foundation reported income of $1.1m and spending of $684k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $725k to $1.1m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 306%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elyria Medical Center Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Paradise Care Inc ($1.1m), Carroll County Senior Services Organization Inc ($1.1m) and Cedar Rapids Keys to Living ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% of the total. Other salaries and wages came to $58k. At year end it held assets of $21.2m against liabilities of $263k, net assets of $21.0m.