Cleveland Owns

Analysis

Cleveland Owns is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2019, 7 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 Owns reported income of $91k and spending of $158k, spending 174% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $258k to $91k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland Owns sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Womans Century Club of Yakima Washington Inc ($91k), Girl Power USA ($91k) and Earlham Chicks with Checks Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. At year end it held assets of $169k against liabilities of $3,254, net assets of $166k.