Northern Ohio Fine Arts Fund

Analysis

Northern Ohio Fine Arts Fund is a registered charity in United States, based in Willoughby, OH. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Northern Ohio Fine Arts Fund reported income of $118k and spending of $87k, leaving 26% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $61k to $118k (+94%), an average of +18% a year. The sharpest change came in the year to July 2021, when income rose by 173%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern Ohio Fine Arts Fund sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Friends of Gillespie County Country Schools Inc ($118k), Dance Theater of Florida Inc ($118k) and Lakewood Historical Society ($118k).

At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.