Akron Physician Wellness Initiative

Analysis

Akron Physician Wellness Initiative is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Akron Physician Wellness Initiative reported income of $349k and spending of $386k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $600k to $349k (-42%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 236%. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Akron Physician Wellness Initiative 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 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Systemic Jia Foundation ($349k), Project Gen Inc ($349k) and Seven Star Academy Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. At year end it held assets of $1.3m against liabilities of $32k, net assets of $1.2m.