Direction Home Akron Canton Foundation

Analysis

Direction Home Akron Canton Foundation is a registered charity in United States, based in Green, OH. It received its IRS tax-exemption ruling in June 1999, 27 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Direction Home Akron Canton Foundation reported income of $1.3m and spending of $1.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.4m to $1.3m (-89%), an average of -43% a year. The sharpest change came in the year to June 2022, when income rose by 342%. Over the whole period it spent 17% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Direction Home Akron Canton Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Charlotte Hornets Foundation Inc ($1.3m), Arlene and Steven I Victor Support Foundation ($1.3m) and South Lake County Community Services Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 21% of the total. At year end it held assets of $23.9m against liabilities of $2.5m, net assets of $21.5m.