Chinese Academy of Cleveland Inc

Analysis

Chinese Academy of Cleveland Inc is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 May 2023, Chinese Academy of Cleveland Inc reported income of $84k and spending of $66k, leaving 21% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $81k to $84k (+3.8%), an average of +3.8% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chinese Academy of Cleveland Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within OH. Charities of a similar size with the same main cause include MC Ministries ($84k), Northwest Ministry Conference ($84k) and Pearland I S D Booster Clubs Inc ($84k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.