Convergence-Continuum

Analysis

Convergence-Continuum is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Convergence-Continuum reported income of $153k and spending of $120k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $153k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Convergence-Continuum sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Waterworks Art Museum ($153k), Harlem Late Night Jazz Inc ($153k) and Multi Cultural Mosiac Foundation ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 41% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.