Community Foundation of Western Pennsylvania and Eastern Ohio

Analysis

Community Foundation of Western Pennsylvania and Eastern Ohio is a registered charity in United States, based in Sharon, PA. It received its IRS tax-exemption ruling in December 1981, 45 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, Community Foundation of Western Pennsylvania and Eastern Ohio reported income of $20.8m and spending of $10.4m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $20.8m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Western Pennsylvania and Eastern Ohio 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 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include University of North Texas Foundation Inc ($20.8m), United Way of Greater Charlotte ($20.9m) and Chester County Community Foundation Inc ($20.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $273k (2.6% of expenses). Other salaries and wages came to $423k. At year end it held assets of $131.7m against liabilities of $5.8m, net assets of $126.0m. It reported 10 employees.