Middletown Community Foundation

Analysis

Middletown Community Foundation is a registered charity in United States, based in Middletown, OH. It received its IRS tax-exemption ruling in April 1977, 49 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, Middletown Community Foundation reported income of $2.2m and spending of $2.7m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $2.2m (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Middletown Community Foundation sits at the 88th percentile: it is larger than about 88% 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 A Treasure of Dreams ($2.2m), United Way of Allen County Inc ($2.2m) and United Way of Sheboygan County Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $145k (5.4% of expenses). Other salaries and wages came to $121k. At year end it held assets of $40.7m against liabilities of $6.5m, net assets of $34.2m. It reported 3 employees.