Higley Fund of the Cleveland Foundation

Analysis

Higley Fund of the Cleveland Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Higley Fund of the Cleveland Foundation reported income of $1.3m and spending of $2.6m, spending 208% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 287%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Higley Fund of the Cleveland Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include The 1tat Program Inc ($1.3m), Treehouse Childrens Museum ($1.3m) and United Way Tar River Region ($1.3m).

At year end it held assets of $40.5m against liabilities of $2,055, net assets of $40.5m.