Greater Fostoria Community Foundation Inc

Analysis

Greater Fostoria Community Foundation Inc is a registered charity in United States, based in Fostoria, OH. It received its IRS tax-exemption ruling in November 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Fostoria Community Foundation Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $1.0m (+306%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Fostoria Community Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Law Rocks Inc ($1.0m), Almanor Foundation ($1.0m) and Hart Square Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $22k (2.2% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 1 employees.