Acts 2 Toledo

Analysis

Acts 2 Toledo is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Acts 2 Toledo reported income of $311k and spending of $274k, spending 88% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $204k to $311k (+53%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Acts 2 Toledo 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 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Gentlemens League ($311k), Southern Carolina Regional Community Development Corporation ($311k) and Santa Monica Bay Womans Club ($311k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (17% of expenses). Other salaries and wages came to $75k. At year end it held assets of $67k against liabilities of $4, net assets of $67k. It reported 9 employees.