Stark Community Foundation Inc

Analysis

Stark Community Foundation Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in March 1986, 40 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, Stark Community Foundation Inc reported income of $40.8m and spending of $27.6m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.3m to $40.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stark Community Foundation Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Kalamazoo Community Foundation ($40.7m), Air Force Academy Foundation ($40.9m) and Southern California Grantmakers ($40.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $843k (3.1% of expenses). Other salaries and wages came to $713k. At year end it held assets of $372.4m against liabilities of $106.3m, net assets of $266.2m. It reported 14 employees.