The Spirit of Construction Foundation of Greater Cincinnati

Analysis

The Spirit of Construction Foundation of Greater Cincinnati is a registered charity in United States, based in Fort Wright, KY. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Spirit of Construction Foundation of Greater Cincinnati reported income of $756k and spending of $596k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $756k (+194%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 262%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Spirit of Construction Foundation of Greater Cincinnati sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Community Development Financial Institution of the Tahono Odham ($756k), Hollister Community Outreach ($756k) and Dunklin County Caring Council ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 147% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.