Cleveland Choral Arts Assosiation

Analysis

Cleveland Choral Arts Assosiation is a registered charity in United States, based in Lakewood, OH. It received its IRS tax-exemption ruling in July 1992, 34 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 Choral Arts Assosiation reported income of $351k and spending of $318k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $284k to $351k (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 89% 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 Choral Arts Assosiation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Boardman Band and Orchestra Parents Inc ($351k), Circus City Festival Inc ($351k) and Music Education Initiative ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 42% of the total. Other salaries and wages came to $31k. At year end it held assets of $251k against liabilities of $51k, net assets of $199k. It reported 1 employees.