St Sebastian Parish Foundation

Analysis

St Sebastian Parish Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in October 1973, 53 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Sebastian Parish Foundation reported income of $937k and spending of $574k, leaving 39% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $929k to $937k (+0.9%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 147%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, St Sebastian Parish Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Souris Valley United Way ($937k), Bloomington Health Foundatoin Inc ($938k) and United Way of Western Kentucky Inc ($936k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $153k. At year end it held assets of $6.3m against liabilities of $14k, net assets of $6.3m. It reported 3 employees.