Huron County Community Foundation

Analysis

Huron County Community Foundation is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in October 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 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, Huron County Community Foundation reported income of $1.1m and spending of $252k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $5.3m to $1.1m (-80%), an average of -55% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 9.9% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Huron County Community Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Minnesota State High School League Foundation ($1.1m), United Way of Kenosha County ($1.1m) and Tygart Valley United Way Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 3.5% of the total. At year end it held assets of $8.2m against liabilities of $2.7m, net assets of $5.5m.