Ohio Bankers Foundation for Financial Literacy

Analysis

Ohio Bankers Foundation for Financial Literacy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in July 2004, 22 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, Ohio Bankers Foundation for Financial Literacy reported income of $221k and spending of $195k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $221k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ohio Bankers Foundation for Financial Literacy sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include James W Denmark Loan Fund Inc ($220k), Moraine Township Charitable Fund Inc ($221k) and United Way of Dodge City Inc ($220k).

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 $81k. At year end it held assets of $193k against liabilities of $95k, net assets of $98k.