Cleveland Restoration Society Inc

Analysis

Cleveland Restoration Society Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cleveland Restoration Society Inc reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $823k to $1.5m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleveland Restoration Society Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Latino Donor Collaborative Inc ($1.5m), Greenville Theatre ($1.5m) and Northwest Straits Marine Conservation Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 2.4% of the total. Other salaries and wages came to $713k. At year end it held assets of $3.7m against liabilities of $757k, net assets of $2.9m. It reported 29 employees.