Massillon Heritage Foundation Inc

Analysis

Massillon Heritage Foundation Inc is a registered charity in United States, based in Massillon, OH. It received its IRS tax-exemption ruling in November 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Massillon Heritage Foundation Inc reported income of $185k and spending of $81k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $456k to $185k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Massillon Heritage Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Continental Divide Color Guard Circuit ($185k), Givingforce USA Foundation ($185k) and Eaton Rapids Medical Center Foundation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 0.2% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.