Toledo Public Schools Foundation

Analysis

Toledo Public Schools Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in October 1987, 39 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 2023, Toledo Public Schools Foundation reported income of $886k and spending of $874k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $463k to $886k (+92%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toledo Public Schools Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Welcomehealth ($886k), Council on Domestic Violence for Page County Inc ($886k) and VFW Post 1 Foundation ($886k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $76k (8.7% of expenses). At year end it held assets of $1.4m against liabilities of $13k, net assets of $1.3m. It reported 2 employees.