Mahoning Valley Manufacturers Foundation Inc

Analysis

Mahoning Valley Manufacturers Foundation Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in July 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mahoning Valley Manufacturers Foundation Inc reported income of $975k and spending of $975k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $525k to $975k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 349%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mahoning Valley Manufacturers Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include West Marion Inc ($975k), Thurgood Marshall Center TR Inc ($976k) and Service Enterprises Inc of Minnesota ($974k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.