Cincinnati Reds Community Fund

Analysis

Cincinnati Reds Community Fund is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in March 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 (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, Cincinnati Reds Community Fund reported income of $2.9m and spending of $3.2m, spending 109% of what it took in. Across the 6 years on record, from October 2019 to December 2023, income grew from $2.0m to $2.9m (+43%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 460%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cincinnati Reds Community Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Lakestate Industries ($2.9m), Union Diversified Industries Inc ($2.9m) and Step One Foundation Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $327k (10% of expenses). Other salaries and wages came to $589k. At year end it held assets of $7.6m against liabilities of $645k, net assets of $6.9m. It reported 23 employees.