Cleveland School of the Arts Board of Trustees

Analysis

Cleveland School of the Arts Board of Trustees is a registered charity in United States, based in Rocky River, OH. It received its IRS tax-exemption ruling in February 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cleveland School of the Arts Board of Trustees reported income of $362k and spending of $330k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $495k to $362k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleveland School of the Arts Board of Trustees sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Soho Think Tank Inc ($362k), Contemporary Art Center of Peoria ($362k) and Native American and Indigenous Studies Association Inc ($362k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $80k (24% of expenses). Other salaries and wages came to $52k. At year end it held assets of $4.3m against liabilities of $31k, net assets of $4.3m. It reported 2 employees.