Near West Side Multi Service Corporation

Analysis

Near West Side Multi Service Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Near West Side Multi Service Corporation reported income of $5.6m and spending of $5.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.6m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Near West Side Multi Service Corporation sits at the 91st percentile: it is larger than about 91% 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 Living Independence Network Corp ($5.6m), Open Door Food Pantry ($5.6m) and Wellesley Community Childrens Center Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.5% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $14.5m against liabilities of $6.8m, net assets of $7.7m. It reported 56 employees.