Toledo Community Foundation
300 Madison Ave Ste 1300, Toledo, OH · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $40,802,522 | $27,018,966 | $246,863,564 |
| FY2023 | $26,579,507 | $24,509,862 | $233,080,008 |
| FY2022 | $26,939,369 | $23,002,872 | $231,010,363 |
| FY2021 | $80,871,022 | $23,251,593 | $227,073,866 |
| FY2020 | $23,444,286 | $21,814,180 | $169,454,437 |
| FY2019 | $34,271,645 | $22,412,757 | $167,824,331 |
| FY2018 | $25,181,127 | $19,103,591 | $155,965,443 |
| FY2017 | $24,070,469 | $15,935,788 | $149,887,907 |
| FY2016 | $23,016,251 | $16,332,910 | $141,753,226 |
| FY2015 | $21,528,288 | $17,501,415 | $135,069,885 |
| FY2014 | $24,007,631 | $13,826,075 | $131,043,012 |
| FY2013 | $23,308,795 | $15,951,796 | $120,861,456 |
| FY2012 | $16,846,113 | $11,985,438 | $113,504,457 |
| FY2011 | $19,916,377 | $12,882,518 | $108,643,782 |
Form 990 filings
The returns filed by Toledo Community Foundation (EIN 23-7284004), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $28,641,944 | 70% |
| Program service revenue | $0 | 0% |
| Other revenue | $12,160,578 | 30% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $25,199,647 | 93% |
| Management & general | $1,808,883 | 7% |
| Fundraising | $10,436 | <1% |
What the numbers show
- Contributions & grants made up 70% of total revenue in FY2024.
- Program services accounted for 93% of functional expenses, management & general 7%, and fundraising 0%.
- 93% of functional expenses went to program services in FY2024. That is higher than 73.3% of 60 Philanthropy, Voluntarism & Grantmaking Foundations organizations in OH.
- Net assets covered about 109.6 months of expenses at the end of the reporting year. That puts it in the 47th percentile among 2079 Philanthropy, Voluntarism & Grantmaking Foundations organizations in OH.
- Total revenue was higher than 99.5% of 2145 Philanthropy, Voluntarism & Grantmaking Foundations organizations in OH.
- Total revenue rose from $19,916,377 in FY2011 to $40,802,522 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $80,871,022 in FY2021.
- Net assets grew from $108,643,782 to $246,863,564 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ENRICH THE QUALITY OF LIFE IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN BY PROVIDING FINANCIAL SUPPORT TO INITIATE PROGRAMS THAT ADDRESS THE CHANGING NEEDS OF OUR REGION.
IRS status
| Ruling year | 1973 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations (in OH) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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