Public Library of Cincinnati and Hamilton County Foundation

Analysis

Public Library of Cincinnati and Hamilton County Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Public Library of Cincinnati and Hamilton County Foundation reported income of $2.2m and spending of $1.6m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $901k to $2.2m (+142%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 258%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Library of Cincinnati and Hamilton County Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Nu Art Education Inc ($2.2m), Pickens Private School Foundation ($2.2m) and Champion Schools Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $11.2m against liabilities of $0, net assets of $11.2m.