Ginn Foundation

Analysis

Ginn Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ginn Foundation reported income of $267k and spending of $250k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $210k to $267k (+27%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ginn Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Roots Thrift Store Inc ($267k), Minnesota Hundred Club ($267k) and Macedonia Family Resource Center Inc ($267k).

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 $19k against liabilities of $0, net assets of $19k.