Veranova Health Foundation

Analysis

Veranova Health Foundation is a registered charity in United States, based in Fairview Park, OH. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Veranova Health Foundation reported income of $132k and spending of $290k, spending 219% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $283k to $132k (-53%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veranova Health Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Mount Vernon-Skajit Rotary Charitable Association ($132k), Wacanid Ride ($132k) and Anderson Valley Education Foundation ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. It paid $750 in professional fundraising fees. At year end it held assets of $201k against liabilities of $6,314, net assets of $194k.