Greater Cincinnati Foundation

Analysis

Greater Cincinnati Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 1963, 63 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, Greater Cincinnati Foundation reported income of $263.6m and spending of $157.3m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137.4m to $263.6m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Cincinnati Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include United Jewish Appeal Federation of Jewish Philanthropies of Ny Inc ($262.2m), The San Diego Foundation ($268.7m) and Columbus Foundation ($255.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $1.1m (0.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $981.4m against liabilities of $10.7m, net assets of $970.7m. It reported 68 employees.