The Maria Hay Forbes Centre

Analysis

The Maria Hay Forbes Centre is a registered charity in United States, based in Coshocton, OH. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Maria Hay Forbes Centre reported income of $244k and spending of $312k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $244k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Maria Hay Forbes Centre sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Filipino Bayanihan Center ($244k), Waterfront Village ($244k) and The Phyllis Wheatley Rise to Read Campaign Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $28k (9.0% of expenses). Other salaries and wages came to $173k. At year end it held assets of $134k against liabilities of $0, net assets of $134k. It reported 18 employees.