Big Brothers Big Sisters of Summit Medina and Stark Counties Inc

Analysis

Big Brothers Big Sisters of Summit Medina and Stark Counties Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 1972, 54 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 2023, Big Brothers Big Sisters of Summit Medina and Stark Counties Inc reported income of $380k and spending of $369k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $380k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of Summit Medina and Stark Counties Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Good Street Baptist Church Child ($380k), Market Street Railway Company ($380k) and Rick Webb Ministries ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $77k (21% of expenses). Other salaries and wages came to $155k. At year end it held assets of $318k against liabilities of $34k, net assets of $284k. It reported 8 employees.