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The Benjamin Rose Institute

RegisteredEIN 34-0714482Cleveland, OHPoverty relief
Income$8.5m2023-12
Spending$7.6msame year
Spent / received89%5-year average
Size in its cause93rd pctPoverty relief
Exempt since1937Publicly supported organisat
Employees142latest return

Analysis

The Benjamin Rose Institute is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1937, 89 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Benjamin Rose Institute reported income of $8.5m and spending of $7.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.7m to $8.5m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Benjamin Rose Institute sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include The Foundry Ministries Inc ($8.5m), Wounded Warrior Project Long Term Support TR ($8.5m) and Inwood Community Services Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $532k (7.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $171.9m against liabilities of $11.6m, net assets of $160.2m. It reported 142 employees.

Income and spending

$0$3.6m$7.3m$10.9m$14.5m2019 Income: $9,684,4772019 Spending: $10,748,76920192020 Income: $11,841,3762020 Spending: $10,489,01520202021 Income: $14,549,4592021 Spending: $10,515,03920212022 Income: $7,517,7932022 Spending: $7,173,20520222023 Income: $8,465,1192023 Spending: $7,580,2722023
IncomeSpending

Where the income comes from

  • Contributions & grants 88%
  • Program services 2.2%
  • Other 9.9%

Similar-sized charities, same cause

CharityLocationIncome
The Foundry Ministries IncBessemer$8.5m
Wounded Warrior Project Long Term Support TRWilmington$8.5m
Inwood Community Services IncNew York$8.5m
Mhy Family ServicesMars$8.5m