United Way of Greater Cleveland Fund

Analysis

United Way of Greater Cleveland Fund is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 1960, 66 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, United Way of Greater Cleveland Fund reported income of $22.7m and spending of $18.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $35.4m to $22.7m (-36%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Greater Cleveland Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Just One Project ($22.6m), United Way of the National Capital Area ($22.7m) and Forefront ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $758k (4.0% of expenses). Other salaries and wages came to $6.0m. It paid $80k in professional fundraising fees. At year end it held assets of $48.1m against liabilities of $29.6m, net assets of $18.5m. It reported 143 employees.