Licking County Foundation

Analysis

Licking County Foundation is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in June 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Licking County Foundation reported income of $14.5m and spending of $6.1m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $14.5m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Licking County Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Hamilton Community Foundation Inc ($14.5m), Joy in Childhood Foundation Inc ($14.5m) and The Catholic Foundation of North Georgia Inc ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $271k (4.4% of expenses). Other salaries and wages came to $251k. At year end it held assets of $143.8m against liabilities of $13.4m, net assets of $130.4m. It reported 10 employees.