United Black Fund of Greater Cleveland Inc

Analysis

United Black Fund of Greater Cleveland Inc 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 December 2023, United Black Fund of Greater Cleveland Inc reported income of $3.3m and spending of $2.7m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.3m (+135%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 373%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Black Fund of Greater Cleveland Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include South Shore Christian Academy ($3.3m), American Life League ($3.3m) and United Day School of Laredo Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $6.5m against liabilities of $3.5m, net assets of $3.0m. It reported 4 employees.