Ohio Network for Innovation

Analysis

Ohio Network for Innovation is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ohio Network for Innovation reported income of $1.3m and spending of $969k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $505k to $1.3m (+163%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 335%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ohio Network for Innovation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Huntsman Community Shelter ($1.3m), Presbyterian Apartments of North ($1.3m) and Homeless Sheltyer Action Committee Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $571k. At year end it held assets of $5.5m against liabilities of $2.5m, net assets of $3.0m. It reported 59 employees.