Cuyahoga County Public Library Foundation

Analysis

Cuyahoga County Public Library Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cuyahoga County Public Library Foundation reported income of $1.1m and spending of $575k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $913k to $1.1m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cuyahoga County Public Library Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Transformative Leadership Academy ($1.1m), Alaska Airmens Association Inc ($1.1m) and Urban Mennonite Ministries Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 28% of the total. At year end it held assets of $8.6m against liabilities of $90k, net assets of $8.5m.