Henry and Louise Timken Foundation

Analysis

Henry and Louise Timken Foundation is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in October 1967, 59 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, Henry and Louise Timken Foundation reported income of $329k and spending of $342k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $521k to $329k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. 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, Henry and Louise Timken Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Yismach Moshe Inc ($328k), Energy Cooperative Round-Up Foundation Inc ($329k) and Brown Boys Benefit ($328k).

At year end it held assets of $10.4m against liabilities of $0, net assets of $10.4m.