Poor Clares Perpetual Adoration Foundation of Cleveland Ohio

Analysis

Poor Clares Perpetual Adoration Foundation of Cleveland Ohio is a registered charity in United States, based in Bay Village, OH. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Poor Clares Perpetual Adoration Foundation of Cleveland Ohio reported income of $152k and spending of $74k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $171k to $152k (-12%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income dropped by 22%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Poor Clares Perpetual Adoration Foundation of Cleveland Ohio sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include American British Cowdray Hospital Foundation ($152k), Flint Innovative Solutions ($152k) and Hoosic Valley Volunteer Fire Co Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $973k against liabilities of $0, net assets of $973k.