Deepwood Foundation

Analysis

Deepwood Foundation is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Deepwood Foundation reported income of $389k and spending of $550k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $564k to $389k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deepwood Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Social Service Center Inc ($389k), Nysarc - North Country Management Services Corporation ($389k) and Porch Initiative ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $107k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 4 employees.