Cleveland State Community College Foundation

Analysis

Cleveland State Community College Foundation is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in November 1971, 55 years ago. 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 June 2023, Cleveland State Community College Foundation reported income of $1.2m and spending of $1.3m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.2m (+11%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleveland State Community College Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Mela Counseling Services Center Inc ($1.2m), Little League Baseball Inc ($1.2m) and St Francis of Assisi Kitchen ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $211k. At year end it held assets of $10.4m against liabilities of $394k, net assets of $10.0m.