Cedar Fairmount Special Improvement District

Analysis

Cedar Fairmount Special Improvement District is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in September 2004, 22 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, Cedar Fairmount Special Improvement District reported income of $134k and spending of $126k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $134k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cedar Fairmount Special Improvement District sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Woodville Wilkinson County Main Street Association Inc ($134k), Fulton Area Development Corp ($134k) and Mercy Hands America ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.5% of the total. At year end it held assets of $3,687 against liabilities of $28k, net assets of -$24k.