Cleveland Hillel Foundation Inc

Analysis

Cleveland Hillel Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1958, 68 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cleveland Hillel Foundation Inc reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.2m to $1.1m (-1.0%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cleveland Hillel Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Kelen Family Foundation ($1.1m), Kupa Shel Tzedakah ($1.1m) and Luma NW ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $244k (20% of expenses). Other salaries and wages came to $341k. At year end it held assets of $4.8m against liabilities of $755k, net assets of $4.1m. It reported 13 employees.