The Center for Community Solutions

Analysis

The Center for Community Solutions is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1939, 87 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Center for Community Solutions reported income of $2.6m and spending of $4.0m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Center for Community Solutions 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 698 South Main Street Inc ($2.6m), Community Service Building Corporation ($2.6m) and 3strands Global Foundation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $264k (6.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $31.7m against liabilities of $1.7m, net assets of $30.0m. It reported 30 employees.