Ohio Soybean Council Foundation

Analysis

Ohio Soybean Council Foundation is a registered charity in United States, based in Worthington, OH. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 September 2023, Ohio Soybean Council Foundation reported income of $93k and spending of $161k, spending 173% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $117k to $93k (-21%), an average of -5.6% a year. The sharpest change came in the year to September 2022, when income rose by 74%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ohio Soybean Council Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Central States Fair Foundation ($93k), Cherish the Children Foundation Inc ($93k) and Lexies Voice ($93k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $369k against liabilities of $0, net assets of $369k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.