Phillis Wheatley Association of Cleveland Ohio

Analysis

Phillis Wheatley Association of Cleveland Ohio is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1956, 70 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, Phillis Wheatley Association of Cleveland Ohio reported income of $57k and spending of $248k, spending 431% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $122k to $57k (-53%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 392%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Phillis Wheatley Association of Cleveland Ohio sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within OH. Charities of a similar size with the same main cause include The East Valley Community Foundation Incorporated ($57k), Lifes Big Adventures Inc ($57k) and Side by Side Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $95k (38% of expenses). At year end it held assets of $1.3m against liabilities of $149k, net assets of $1.1m. It reported 4 employees.