John L Severance

Analysis

John L Severance is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in May 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, John L Severance reported income of $2.0m and spending of $4.2m, spending 209% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $2.0m (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, John L Severance sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Korean Cultural Center of Chicago ($2.0m), Community Arts Music Assn of Santa Barbara ($2.0m) and Santa Rosa Players ($2.0m).

Compensation of current officers, directors and key employees was $347k (8.2% of expenses). At year end it held assets of $55.4m against liabilities of $0, net assets of $55.4m.