College Now Greater Cleveland Inc

Analysis

College Now Greater Cleveland Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, College Now Greater Cleveland Inc reported income of $27.6m and spending of $23.1m, spending 84% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $14.2m to $27.6m (+94%), an average of +18% a year. The sharpest change came in the year to July 2022, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Now Greater Cleveland Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Spring Hill College ($27.6m), Crossroads Charter Schools ($27.6m) and Our World Neighborhood Charter School ($27.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $1.8m (7.7% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $36.3m against liabilities of $10.8m, net assets of $25.5m. It reported 407 employees.