Van Wert County Foundation

Analysis

Van Wert County Foundation is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in April 1951, 75 years ago. 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 2022, Van Wert County Foundation reported income of $4.3m and spending of $4.4m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $9.9m to $4.3m (-56%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Van Wert County Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Lake Geauga United Headstart Inc ($4.3m), Laurel Ridge Community College Educational Foundation Inc ($4.3m) and Interfaith Works ($4.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $160k (3.6% of expenses). Other salaries and wages came to $361k. At year end it held assets of $72.8m against liabilities of $2.3m, net assets of $70.5m. It reported 15 employees.