Comerica Cares Fund

Analysis

Comerica Cares Fund is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Comerica Cares Fund reported income of $160k and spending of $161k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $160k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Comerica Cares Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Northwest Guilford Band Boosters Inc ($160k), Matthew Wallace Foundation ($160k) and Friends Foundation of the Birmingham Public Library ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.