Community Hall Foundation Program Endowment

Analysis

Community Hall Foundation Program Endowment is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Community Hall Foundation Program Endowment reported income of $8.2m and spending of $8.7m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.0m to $8.2m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to August 2021, when income rose by 104%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Hall Foundation Program Endowment sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Michigan Community Action ($8.2m), California Certified Public Accountants Foundation ($8.2m) and Alliance of Local Service Organizations ($8.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $216k (2.5% of expenses). Other salaries and wages came to $1.1m. It paid $56k in professional fundraising fees. At year end it held assets of $26.0m against liabilities of $3.7m, net assets of $22.3m. It reported 62 employees.