Richland County Foundation of Mansfield

Analysis

Richland County Foundation of Mansfield is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in June 1951, 75 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, Richland County Foundation of Mansfield reported income of $12.6m and spending of $7.7m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $12.6m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 80%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richland County Foundation of Mansfield sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Family Giving Foundation Inc ($12.6m), Community Foundation of Elmira Corning and the Finger Lakes ($12.6m) and Leta McFarlin Chapman Memorial TR ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. Compensation of current officers, directors and key employees was $291k (3.8% of expenses). Other salaries and wages came to $279k. At year end it held assets of $206.2m against liabilities of $9.7m, net assets of $196.5m. It reported 7 employees.