Historic Warehouse District Development Corporation of Cleve

Analysis

Historic Warehouse District Development Corporation of Cleve is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Historic Warehouse District Development Corporation of Cleve reported income of $97k and spending of $119k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $323k to $97k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Warehouse District Development Corporation of Cleve sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include Peabody Auditorium Foundation ($97k), Sweet Adelines International ($97k) and Herman Levern Jones Theatresouth ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $836k against liabilities of $2,361, net assets of $833k.