Community Foundation of Union County Inc

Analysis

Community Foundation of Union County Inc is a registered charity in United States, based in Marysville, OH. It received its IRS tax-exemption ruling in June 1962, 64 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 Union County Inc reported income of $1.9m and spending of $2.2m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income rose by 223%. Over the whole period it spent 65% 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 Union County Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include United Way Foundation of Abilene ($1.9m), Society of St Vincent de Paul Our Lady of the Rosary Conference ($1.9m) and United Way of West Tennessee Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $117k (5.3% of expenses). Other salaries and wages came to $34k. At year end it held assets of $19.3m against liabilities of $147k, net assets of $19.1m. It reported 4 employees.