Cleveland State University Foundation

Analysis

Cleveland State University Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cleveland State University Foundation reported income of $17.1m and spending of $17.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.8m to $17.1m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 116%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleveland State University Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Laurence School ($17.1m), Milestones Behavioral Services Inc Payroll-Finance Department ($17.1m) and Robert M Hearin Support Foundation ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 0.3% of the total. At year end it held assets of $135.6m against liabilities of $10.5m, net assets of $125.1m.