Philanthropy Ohio

Analysis

Philanthropy Ohio is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1984, 42 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, Philanthropy Ohio reported income of $1.8m and spending of $2.1m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy Ohio sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Piqua Community Foundation ($1.8m), 11 Day Power Play Inc ($1.8m) and Cultural Exchange Network Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $277k (13% of expenses). Other salaries and wages came to $847k. At year end it held assets of $1.3m against liabilities of $327k, net assets of $976k. It reported 15 employees.

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.