Columbus Bar Foundation

Analysis

Columbus Bar Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 1971, 55 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 June 2023, Columbus Bar Foundation reported income of $325k and spending of $358k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $617k to $325k (-47%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Columbus Bar Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Hopkins Education Foundation ($325k), Untapped Potential Project ($325k) and Talk of the Town Restaurant Group Foundation Inc ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% of the total. Compensation of current officers, directors and key employees was $10k (2.8% of expenses). Other salaries and wages came to $35k. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.