Ancient Accepted Scottish Rite Valley of Cleveland Foundation

Analysis

Ancient Accepted Scottish Rite Valley of Cleveland Foundation is a registered charity in United States, based in Rocky River, OH. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, 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, Ancient Accepted Scottish Rite Valley of Cleveland Foundation reported income of $589k and spending of $366k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $589k (-56%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 673%. Over the whole period it spent 5.8% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ancient Accepted Scottish Rite Valley of Cleveland Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Stamford Rotary Trust Fund ($589k), Asian American Liberation Network ($590k) and Cayuga Economic Development Agency Inc ($589k).

At year end it held assets of $15.4m against liabilities of $0, net assets of $15.4m.