Assets Toledo

Analysis

Assets Toledo is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Assets Toledo reported income of $112k and spending of $95k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $112k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Assets Toledo sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Davis Center Community Foundation ($112k), Lakewood Seward Park Community Club ($112k) and South Pittsburg Area Revitalization Quest ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. At year end it held assets of $20k against liabilities of $3,694, net assets of $16k.