Ardmore Foundation Inc

Analysis

Ardmore Foundation Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 1991, 35 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 June 2023, Ardmore Foundation Inc reported income of $108k and spending of $102k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $116k to $108k (-6.8%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ardmore Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include United Way Services Corporation ($108k), Center Foundation Inc ($108k) and Duckfest Inc ($108k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 79% of the total. At year end it held assets of $1.3m against liabilities of $313k, net assets of $1.0m.