Downtown Cleveland Improvementcorporation

Analysis

Downtown Cleveland Improvementcorporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Downtown Cleveland Improvementcorporation reported income of $6.5m and spending of $6.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $6.5m (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Cleveland Improvementcorporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Moreno Valley Community Foundation ($6.5m), Kankakee County Community Services Inc ($6.5m) and Mitags Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,269 against liabilities of $0, net assets of $5,269.