Ashland County Community Foundation

Analysis

Ashland County Community Foundation is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in February 1996, 30 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, Ashland County Community Foundation reported income of $11.8m and spending of $4.6m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $11.8m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ashland County Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Christian Community Health Center ($11.8m), Major League Baseball Charities Inc ($11.9m) and Malaria No More Fund ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $305k (6.7% of expenses). Other salaries and wages came to $107k. At year end it held assets of $87.1m against liabilities of $18.5m, net assets of $68.6m. It reported 6 employees.