David and Inez Myers Foundation

Analysis

David and Inez Myers Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1956, 70 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, David and Inez Myers Foundation reported income of $5.9m and spending of $8.4m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.7m to $5.9m (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 864%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, David and Inez Myers Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include SHRM Foundation Inc ($5.9m), United Way of Central Georgia Inc ($5.9m) and Marietta Community Foundation Inc ($5.9m).

At year end it held assets of $226.1m against liabilities of $14.0m, net assets of $212.0m.