Little Italy 2000 Redevelopment Corporation

Analysis

Little Italy 2000 Redevelopment Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Little Italy 2000 Redevelopment Corporation reported income of $108k and spending of $120k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $129k to $108k (-16%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Little Italy 2000 Redevelopment Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Centro de Investigacion Y Politica Publica ($108k), Maysville Initiatives Inc ($108k) and Infrastructure Assistance Coordination Council ($108k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.