Greater Cleveland Media Development Corporation

Analysis

Greater Cleveland Media Development Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Greater Cleveland Media Development Corporation reported income of $662k and spending of $1.0m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $762k to $662k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Cleveland Media Development Corporation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Mean Street Ministry ($661k), YMCA Snohomish Qalicb ($663k) and Beis Yosef Chaim Inc ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $185k (18% of expenses). Other salaries and wages came to $365k. At year end it held assets of $715k against liabilities of $665k, net assets of $51k. It reported 6 employees.