Spirit of Cleveland Inc

Analysis

Spirit of Cleveland Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Spirit of Cleveland Inc reported income of $880k and spending of $436k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $880k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 2050%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit of Cleveland Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Brazos Valley Center for Independent Living ($880k), Twin River Community Living Facility Inc ($880k) and Family Connections Inc ($879k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $476k against liabilities of $49, net assets of $476k.