Cleveland Development Foundation

Analysis

Cleveland Development Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1959, 67 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Cleveland Development Foundation reported income of $62k and spending of $46k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $26k to $62k (+134%), an average of +24% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland Development Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Garden Club of Stone Harbor ($62k), Gads Hill Support Corporation ($62k) and Parents for Window Blind Safety ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $537k against liabilities of $490k, net assets of $47k.