North Cuyahoga Valley Corridor Inc

Analysis

North Cuyahoga Valley Corridor Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1985, 41 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 (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, North Cuyahoga Valley Corridor Inc reported income of $526k and spending of $605k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $526k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Cuyahoga Valley Corridor Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Breckenridge Film Festival ($526k), Rum River Art Center Inc ($526k) and Nantucket Community Music Center ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $124k (20% of expenses). Other salaries and wages came to $139k. At year end it held assets of $928k against liabilities of $917, net assets of $927k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.