Minerva Area Community Charitable TR Association

Analysis

Minerva Area Community Charitable TR Association is a registered charity in United States, based in Minerva, OH. It received its IRS tax-exemption ruling in February 2015, 11 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, Minerva Area Community Charitable TR Association reported income of $68k and spending of $56k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $68k (+1.1%), an average of +1.1% a year. Over the whole period it spent 134% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minerva Area Community Charitable TR Association sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Womens Foundation of New Jersey a NJ Nonprofit Corporation ($68k), United Way of East-Central Texas ($68k) and Mount Calvary Lutheran Church Foundation ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $255k against liabilities of $0, net assets of $255k.