German Central Foundation

Analysis

German Central Foundation is a registered charity in United States, based in Parma, OH. It received its IRS tax-exemption ruling in March 2000, 26 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 December 2023, German Central Foundation reported income of $180k and spending of $111k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $306k to $180k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, German Central Foundation sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Bay Area Houston Convention and Visitors Bureau ($180k), Associated Builders and Contractors Training Academy ($180k) and Creative Placemaking Communities ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% of the total. Other salaries and wages came to $37k. At year end it held assets of $500k against liabilities of $145, net assets of $500k. It reported 1 employees.