City Club of Cleveland

Analysis

City Club of Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, City Club of Cleveland reported income of $2.2m and spending of $2.6m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.2m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City Club of Cleveland sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Hope Haven of Northeast Georgia Inc ($2.2m), Out in Tech Inc ($2.2m) and Bloomingdale Family Program Inc Head Start ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $258k (10% of expenses). Other salaries and wages came to $704k. At year end it held assets of $1.5m against liabilities of $676k, net assets of $861k. It reported 29 employees.