Community Improvement Corporation of Fostoria Ohio

Analysis

Community Improvement Corporation of Fostoria Ohio is a registered charity in United States, based in Fostoria, OH. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Improvement Corporation of Fostoria Ohio reported income of $233k and spending of $50k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $233k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 782%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Improvement Corporation of Fostoria Ohio sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Community Life Improvement Center Inc ($233k), Ny Tri-State Chapter of National Association of Minority Contractor ($233k) and Pregnancy Outreach Clinic of Miles City ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% of the total. At year end it held assets of $1.1m against liabilities of $150k, net assets of $950k.