Collinwood and Nottingham Village Development Corporation

Analysis

Collinwood and Nottingham Village Development Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1982, 44 years ago. 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, Collinwood and Nottingham Village Development Corporation reported income of $434k and spending of $528k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $434k (-62%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Collinwood and Nottingham Village Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Colorado Womens Education Foundation ($434k), Sino American Buddhist Cultural Center Inc-Fa Kwang Temple ($434k) and Pacific Coast Sailing Foundation ($434k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $85k (16% of expenses). Other salaries and wages came to $141k. At year end it held assets of $345k against liabilities of $194k, net assets of $151k. It reported 15 employees.