University Hospitals of Cleveland Endowment Trust

Analysis

University Hospitals of Cleveland Endowment Trust is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 1960, 66 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, University Hospitals of Cleveland Endowment Trust reported income of $2.8m and spending of $2.3m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.8m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Hospitals of Cleveland Endowment Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Alder Health Services Inc ($2.8m), Center for Addiction Recovery of Henderson Incorporated ($2.8m) and Sexual Trauma Awareness and Response Center ($2.8m).

Compensation of current officers, directors and key employees was $263k (11% of expenses). At year end it held assets of $35.1m against liabilities of $0, net assets of $35.1m.