Euclid Avenue Development Corporation

Analysis

Euclid Avenue Development Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Euclid Avenue Development Corporation reported income of $24.0m and spending of $24.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.4m to $24.0m (+111%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 187%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Euclid Avenue Development Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Achievepoint Floriday Inc ($24.0m), Community School of Excellence ($24.0m) and Cambridge School of Weston Inc ($24.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $242.1m against liabilities of $239.9m, net assets of $2.1m.