Midtown Cleveland

Analysis

Midtown Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1983, 43 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 December 2023, Midtown Cleveland reported income of $1.6m and spending of $1.7m, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.7m to $1.6m (-7.7%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown Cleveland sits at the 82nd percentile: it is larger than about 82% 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 So NV Operating & Maintenance Engineers Apprenticeship & Train T ($1.6m), Colorado Nonprofit Association ($1.6m) and Rainier Valley Community Development Fund ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $118k (7.0% of expenses). Other salaries and wages came to $583k. At year end it held assets of $3.9m against liabilities of $1.2m, net assets of $2.7m. It reported 17 employees.