Edgerton Area Foundation Inc

Analysis

Edgerton Area Foundation Inc is a registered charity in United States, based in Edgerton, OH. It received its IRS tax-exemption ruling in December 1993, 33 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 June 2023, Edgerton Area Foundation Inc reported income of $81k and spending of $126k, spending 156% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $83k to $81k (-2.5%), an average of -0.8% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 160% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edgerton Area Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Family Haven Foundation Corporation ($81k), Lawrence and Ellen Macks Family Foundation of Maryland Inc ($81k) and Friendship International Ministries Incorporated ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 2.3% of the total. Other salaries and wages came to $15k. At year end it held assets of $2.5m against liabilities of $328, net assets of $2.5m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.