Citymusic Cleveland

Analysis

Citymusic Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2023, Citymusic Cleveland reported income of $430k and spending of $434k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $392k to $430k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Citymusic Cleveland sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Presser Arts Center ($430k), El Buen Samaritano Radio Ministry ($430k) and The Discovery Orchestra Inc ($430k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $75k (17% of expenses). Other salaries and wages came to $45k. At year end it held assets of $99k against liabilities of $9,500, net assets of $90k. It reported 3 employees.