Tuw Joseph F Cannon Jr for the Grandfather Home for Children

Analysis

Tuw Joseph F Cannon Jr for the Grandfather Home for Children is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1974, 52 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, Tuw Joseph F Cannon Jr for the Grandfather Home for Children reported income of $267k and spending of $487k, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $267k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 160% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tuw Joseph F Cannon Jr for the Grandfather Home for Children sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Southeastern Pa Intergroup Association Inc ($267k), Winter Haven Chamber Foundation Inc ($267k) and Fitting Futures ($267k).

Compensation of current officers, directors and key employees was $2,088 (0.4% of expenses). At year end it held assets of $7.3m against liabilities of $0, net assets of $7.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.