Defiance Area Foundation Inc

Analysis

Defiance Area Foundation Inc is a registered charity in United States, based in Defiance, OH. It received its IRS tax-exemption ruling in October 1979, 47 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 June 2024, Defiance Area Foundation Inc reported income of $2.6m and spending of $1.1m, leaving 58% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $2.6m (+125%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Defiance Area Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Linn Christian Education Association ($2.6m), Muskegon County Museum ($2.6m) and Northeast Dupage Special Recreation Association ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $71k (6.7% of expenses). Other salaries and wages came to $42k. At year end it held assets of $16.4m against liabilities of $807k, net assets of $15.6m. It reported 3 employees.