Foundation for the Cleveland Public Library

Analysis

Foundation for the Cleveland Public Library is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in April 2004, 22 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, Foundation for the Cleveland Public Library reported income of $99k and spending of $217k, spending 218% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $104k to $99k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 3354%. Over the whole period it spent 178% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for the Cleveland Public Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within TN. Charities of a similar size with the same main cause include Reyes Scholarship Fund Inc ($99k), Boulder Creek Elementary Parents Club ($99k) and Association for Anthroposophic Psychology ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $256k against liabilities of $0, net assets of $256k.