Greater Akron Amenities Inc

Analysis

Greater Akron Amenities Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Greater Akron Amenities Inc reported income of $1.1m and spending of $851k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $494k to $1.1m (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Akron Amenities Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include International Test and Evaluation Association ($1.1m), National Safe Boating Council Inc ($1.1m) and Montessori School of Iowa City Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $604k against liabilities of $7,837, net assets of $597k.