Convoy Community Foundation Inc

Analysis

Convoy Community Foundation Inc is a registered charity in United States, based in Convoy, OH. It received its IRS tax-exemption ruling in February 2012, 14 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, Convoy Community Foundation Inc reported income of $74k and spending of $33k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $44k to $74k (+68%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Convoy Community Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Envelopes for Hope Inc ($74k), Sioux County Foundation Inc ($74k) and Ipa Future Fund ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $603k against liabilities of $0, net assets of $603k.