Toledo Community Foundation

Analysis

Toledo Community Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in June 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 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, Toledo Community Foundation reported income of $26.6m and spending of $24.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $34.3m to $26.6m (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income rose by 245%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Toledo Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Giveclear Foundation ($26.5m), Quad Cities Golf Classic Charitable Foundation ($26.6m) and Crown Family Foundation ($26.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $722k (2.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $233.1m against liabilities of $0, net assets of $233.1m. It reported 27 employees.