Gertrude Wood Community Foundation

Analysis

Gertrude Wood Community Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Gertrude Wood Community Foundation reported income of $170k and spending of $159k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $170k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 202%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gertrude Wood Community Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Huntingburg Event & Community Center Inc ($170k), Redford Brightmoor Initiative ($170k) and Main Street Laurens USA Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $94k. At year end it held assets of $189k against liabilities of $2,000, net assets of $187k. It reported 3 employees.