Cleveland Grays

Analysis

Cleveland Grays is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 1942, 84 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cleveland Grays reported income of $68k and spending of $110k, spending 163% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $142k to $68k (-52%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 135%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleveland Grays sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Happy Nara Foundation ($68k), Zonta Club of St Louis Charitable Trust ($68k) and North Dakota American Legion Foundation ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,498 (7.7% of expenses). At year end it held assets of $1.1m against liabilities of $224, net assets of $1.1m. It reported 2 employees.