University Settlement Inc

Analysis

University Settlement Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1946, 80 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 June 2023, University Settlement Inc reported income of $4.4m and spending of $3.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.4m (+56%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, University Settlement Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Coosa Valley Youth Services Inc ($4.4m), Community Services of Broomfield Inc ($4.4m) and Heartlight Ministries ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (3.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.2m against liabilities of $365k, net assets of $4.8m. It reported 60 employees.