Cleveland Museum of Art 2 General Endowment Fund Trust

Analysis

Cleveland Museum of Art 2 General Endowment Fund Trust is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in August 1971, 55 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cleveland Museum of Art 2 General Endowment Fund Trust reported income of $114k and spending of $224k, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $114k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleveland Museum of Art 2 General Endowment Fund Trust sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Alexandria Singers ($114k), Deutsche Sprachschule Inc ($114k) and Southwest Seattle Historical Society ($114k).

Compensation of current officers, directors and key employees was $3,502 (1.6% of expenses). At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.