Cincysmiles Foundation

Analysis

Cincysmiles Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1958, 68 years ago. 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, Cincysmiles Foundation reported income of $3.5m and spending of $3.4m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $897k to $3.5m (+294%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 240%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cincysmiles Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Total Living Center Ministries Inc ($3.5m), United Jewish Federation of Stamford ($3.5m) and Habitat for Humanity International Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $114k (3.3% of expenses). Other salaries and wages came to $390k. At year end it held assets of $218k against liabilities of $212k, net assets of $5,900. It reported 25 employees.