Cleveland Social Venture Partners

Analysis

Cleveland Social Venture Partners is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cleveland Social Venture Partners reported income of $700k and spending of $436k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $700k (+189%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cleveland Social Venture Partners sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Simsbury Performing Arts Center Inc ($700k), Rainbow Hospice Foundation Inc ($700k) and Wegmans Family Foundation Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (23% of expenses). Other salaries and wages came to $134k. At year end it held assets of $364k against liabilities of $20k, net assets of $343k. It reported 4 employees.