Brite Cleveland

Analysis

Brite Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, Brite Cleveland reported income of $260k and spending of $286k, spending 110% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $330k to $260k (-21%), an average of -5.8% a year. The sharpest change came in the year to April 2022, when income rose by 119%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brite Cleveland sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include J Kruse Education Center Inc ($260k), Garden State Film Festival ($260k) and Wendys Subway Inc ($260k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $115k against liabilities of $35k, net assets of $80k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.