Cleveland Pops Orchestra

Analysis

Cleveland Pops Orchestra is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in December 1994, 32 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 August 2023, Cleveland Pops Orchestra reported income of $1.1m and spending of $1.4m, spending 129% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.1m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to August 2022, when income rose by 133%. Over the whole period it spent 101% 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 Pops Orchestra sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Sunset Playhouse Inc ($1.1m), Ziegfeld Theater Arts ($1.1m) and Ballet Theatre of Des Moines ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $90k (6.4% of expenses). Other salaries and wages came to $142k. At year end it held assets of $504k against liabilities of $376k, net assets of $128k. It reported 8 employees.