Cleveland Center for Arts and Technology

Analysis

Cleveland Center for Arts and Technology is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2010, 16 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cleveland Center for Arts and Technology reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.6m (+125%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 96% 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 Center for Arts and Technology sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Trustees of the Berkshire Museum ($3.6m), Wiyn Consortium Inc ($3.6m) and Utah Festival Opera Company ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $272k (7.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 49 employees.