Cleveland Classical Guitar Society

Analysis

Cleveland Classical Guitar Society is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in January 2011, 15 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 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 June 2023, Cleveland Classical Guitar Society reported income of $627k and spending of $566k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $240k to $627k (+161%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 88% 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 Classical Guitar Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Grow Smart Rhode Island ($627k), Make Startups Institute Inc ($627k) and Kansas Music Educators Association ($627k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $71k (13% of expenses). Other salaries and wages came to $332k. At year end it held assets of $377k against liabilities of $18k, net assets of $359k. It reported 7 employees.