Ohio Credit Union Foundation

Analysis

Ohio Credit Union Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 1998, 28 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, Ohio Credit Union Foundation reported income of $398k and spending of $362k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $398k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ohio Credit Union Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Bothwell Regional Health Center Foundation ($398k), William B Travis Foundation Inc ($398k) and McKinley Eagles Charity Fund Inc ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $2.0m against liabilities of $398k, net assets of $1.6m.