Youngstown Foundation

Analysis

Youngstown Foundation is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in September 1942, 84 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, Youngstown Foundation reported income of $3.4m and spending of $5.5m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.4m to $3.4m (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 297%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Youngstown Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Jewish Community Foundation of ($3.4m), Rebuilding Together New Orleans Inc ($3.4m) and North American Foundation for the University of Manchester Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. Compensation of current officers, directors and key employees was $836k (15% of expenses). At year end it held assets of $139.8m against liabilities of $0, net assets of $139.8m. It reported 6 employees.