Spring Grove Heritage Foundation

Analysis

Spring Grove Heritage Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable 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, Spring Grove Heritage Foundation reported income of $1.5m and spending of $19k, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $1.5m (+735%), an average of +736% a year. The sharpest change came in the year to December 2023, when income rose by 735%. Over the whole period it spent 1.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spring Grove Heritage Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Roam Share ($1.5m), Downtown Evening Soup Kitchen Inc ($1.5m) and Hillel the Foundation for Jewish Campus Life ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.