Jewish Federation of Cleveland

Analysis

Jewish Federation of Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1952, 74 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 June 2023, Jewish Federation of Cleveland reported income of $113.3m and spending of $108.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $96.0m to $113.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Federation of Cleveland sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Valley of the Sun United Way ($110.6m), Community Foundation of Greater Memphis Inc ($114.4m) and Community FDN of Greater Des Moines ($109.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $2.1m (1.9% of expenses). Other salaries and wages came to $10.8m. It paid $6,157 in professional fundraising fees. At year end it held assets of $543.4m against liabilities of $77.5m, net assets of $465.9m. It reported 253 employees.