Akron Marathon Charitable Corporation

Analysis

Akron Marathon Charitable Corporation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in October 2002, 24 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, Akron Marathon Charitable Corporation reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Akron Marathon Charitable Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Methodist Home for Children Foundation ($1.4m), Foundation for Portland Public Schools ($1.4m) and Robert H Tannahill Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $241k (17% of expenses). Other salaries and wages came to $151k. At year end it held assets of $819k against liabilities of $164k, net assets of $655k. It reported 7 employees.