Preterm Cleveland Inc

Analysis

Preterm Cleveland Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1973, 53 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Preterm Cleveland Inc reported income of $4.2m and spending of $4.4m, spending 105% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $4.9m to $4.2m (-13%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Preterm Cleveland Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Nashville Wine Auction ($4.2m), San Antonio Eye Bank ($4.2m) and South Central Medical and Resource Center Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $103k (2.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.0m against liabilities of $641k, net assets of $2.4m. It reported 69 employees.