Ideastream

Analysis

Ideastream is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 September 2023, Ideastream reported income of $25.0m and spending of $26.1m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $23.3m to $25.0m (+7.6%), an average of +1.9% a year. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ideastream sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Cityserve Network ($24.7m), Roca Inc ($25.1m) and Boys and Girls Clubs of Boston Inc ($24.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $2.0m (7.7% of expenses). Other salaries and wages came to $9.4m. It paid $354k in professional fundraising fees. At year end it held assets of $47.1m against liabilities of $7.1m, net assets of $40.0m. It reported 203 employees.