Cleveland Hungarian Heritage Society

Analysis

Cleveland Hungarian Heritage Society is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1986, 40 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 December 2023, Cleveland Hungarian Heritage Society reported income of $119k and spending of $104k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $119k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 91% 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 Hungarian Heritage Society sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Geological Engineering Foundation ($119k), Reboot Theatre Company ($119k) and Brandon Ballet Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 2.8% of the total. At year end it held assets of $650k against liabilities of $423, net assets of $649k.