Cincinnati Observatory Foundation

Analysis

Cincinnati Observatory Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2021, 5 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 (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cincinnati Observatory Foundation reported income of $63k and spending of $197k, spending 311% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.9m to $63k (-97%), an average of -82% a year. The sharpest change came in the year to December 2022, when income dropped by 97%. Over the whole period it spent 21% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cincinnati Observatory Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Home Builders Association of Hartford County Charitable Foundat ($63k), Rotary Club of Kent Foundation ($63k) and Northglenn Community Foundation ($63k).

At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.