Near West Intergenerational School

Analysis

Near West Intergenerational School is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Near West Intergenerational School reported income of $4.1m and spending of $2.9m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Near West Intergenerational School sits at the 88th percentile: it is larger than about 88% 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 Yes Every Kid Foundation ($4.0m), Passport Academy Charter School ($4.1m) and Friendship Christian School Incorporated ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $44k (1.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.5m against liabilities of $3.5m, net assets of $2.0m. It reported 42 employees.