J H Wade TR for Cleveland Museum of Art

Analysis

J H Wade TR for Cleveland Museum of Art is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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, J H Wade TR for Cleveland Museum of Art reported income of $974k and spending of $1.9m, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $974k (-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 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, J H Wade TR for Cleveland Museum of Art sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Mar-Lu-Ridge Conference and Educational Center ($974k), Young Womens Christian Association of Sweetwater County ($974k) and Southern New Hampshire University Student Government Association ($974k).

Compensation of current officers, directors and key employees was $21k (1.1% of expenses). At year end it held assets of $27.3m against liabilities of $0, net assets of $27.3m.