Yale Alumni Scholarship of Cleveland

Analysis

Yale Alumni Scholarship of Cleveland is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in October 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Yale Alumni Scholarship of Cleveland reported income of $279k and spending of $56k, leaving 80% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $55k to $279k (+407%), an average of +50% a year. The sharpest change came in the year to August 2022, when income rose by 455%. Over the whole period it spent 10% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yale Alumni Scholarship of Cleveland sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Derry Area School District Foundation Inc ($279k), Friends of Bocconi University Inc ($279k) and Joseph L Wolcott Scholarship Fund ($279k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.1% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.