Ohio City Incorporated

Analysis

Ohio City Incorporated is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Ohio City Incorporated reported income of $1.6m and spending of $1.9m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $1.6m (+1.5%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ohio City Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Center for a Non Violent Community ($1.6m), Universal Community Homes ($1.6m) and Brookhill Center Industries Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 25% of the total. Other salaries and wages came to $631k. At year end it held assets of $2.7m against liabilities of $2.6m, net assets of $107k. It reported 13 employees.