Presidents Council Foundation Inc

Analysis

Presidents Council Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover employment, 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 December 2023, Presidents Council Foundation Inc reported income of $693k and spending of $594k, spending 86% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $302k to $693k (+129%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 1260%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Presidents Council Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include FCBC Community Development Corporation ($693k), Vine Street Community Center Council Inc ($694k) and Center - Philadelphia ($693k).

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 $1.1m against liabilities of $467k, net assets of $590k. It reported 6 employees.