Gordon Square Arts District - Cleveland Improvement Corporation

Analysis

Gordon Square Arts District - Cleveland Improvement Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Gordon Square Arts District - Cleveland Improvement Corporation reported income of $182k and spending of $188k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $214k to $182k (-15%), an average of -15% a year. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gordon Square Arts District - Cleveland Improvement Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Neighborhood Association of the Back Bay Inc ($182k), Allegheny Council to Improve Our Neighborhoods-Housing Incorporated ($182k) and Hartford Next Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $219k against liabilities of $11k, net assets of $209k.