Hearing Speech & Deaf Center of Greater Cincinnati

Analysis

Hearing Speech & Deaf Center of Greater Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 1955, 71 years ago. 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, Hearing Speech & Deaf Center of Greater Cincinnati reported income of $2.5m and spending of $2.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.5m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearing Speech & Deaf Center of Greater Cincinnati sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include French Academy of Bergen County Inc ($2.5m), Black United Fund of Illinois Inc ($2.5m) and Ozaukee Day Care Center Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $166k (6.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.5m against liabilities of $1.0m, net assets of $2.4m. It reported 28 employees.