Toledo Bar Association Foundation

Analysis

Toledo Bar Association Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 1955, 71 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 June 2023, Toledo Bar Association Foundation reported income of $159k and spending of $220k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $73k to $159k (+117%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 90%. Over the whole period it spent 175% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Toledo Bar Association Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Henderson Community Foundation ($159k), Herkimer Next Inc ($160k) and Washington State Coalition of African Community Leaders ($159k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $1.4m against liabilities of $11k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.