Community Foundation of Mahoning Valley

Analysis

Community Foundation of Mahoning Valley is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, Community Foundation of Mahoning Valley reported income of $8.5m and spending of $4.3m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $8.5m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Mahoning Valley 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 Chevra-Kadisha Yerushalayim Inc ($8.5m), United Way of the Coastal Empire Inc ($8.5m) and Greater Lowell Community Foundation Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $129k (3.0% of expenses). At year end it held assets of $47.4m against liabilities of $7.2m, net assets of $40.2m. It reported 9 employees.