Barberton Community Foundation

Analysis

Barberton Community Foundation is a registered charity in United States, based in Barberton, OH. It received its IRS tax-exemption ruling in June 1997, 29 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Barberton Community Foundation reported income of $8.6m and spending of $2.5m, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $8.6m (+373%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 1170%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Barberton Community Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include American Friends of the Royal Foundation of the Duke and Duchess ($8.6m), Cherokee Preservation Foundation Inc ($8.6m) and McCourt Foundation Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $207k (8.2% of expenses). Other salaries and wages came to $294k. At year end it held assets of $95.0m against liabilities of $404k, net assets of $94.6m. It reported 6 employees.