Community Shares of Greater Cincinnati

Analysis

Community Shares of Greater Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 1996, 30 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 June 2023, Community Shares of Greater Cincinnati reported income of $311k and spending of $333k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $260k to $311k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 102% 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 Shares of Greater Cincinnati sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Champions for Kids ($311k), Ikatu Foundation ($311k) and Tim and Jeannie Hamann Foundation ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $69k (21% of expenses). Other salaries and wages came to $88k. At year end it held assets of $240k against liabilities of $121k, net assets of $119k. It reported 3 employees.