Playhousesquare District Development Corporation

Analysis

Playhousesquare District Development Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Playhousesquare District Development Corporation reported income of $70k and spending of $103k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $70k (+0.0%), an average of +0.0% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Playhousesquare District Development Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Philosophy Education Society Inc ($70k), Friends of Conkling Hall Inc ($70k) and Coordinating Council of Broward Inc ($70k).

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 $416k against liabilities of $2,097, net assets of $414k.