Chamberfest Cleveland

Analysis

Chamberfest Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 2011, 15 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 August 2023, Chamberfest Cleveland reported income of $436k and spending of $439k, spending 101% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $361k to $436k (+21%), an average of +6.5% a year. The sharpest change came in the year to August 2021, when income rose by 21%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chamberfest Cleveland sits at the 75th percentile: it is larger than about 75% 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 Silicon Valley Shakespeare ($436k), Siletz Tribal Arts and Heritage Society ($436k) and American Chemical Society ($436k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $117k (27% of expenses). Other salaries and wages came to $101k. At year end it held assets of $463k against liabilities of $4,104, net assets of $459k. It reported 1 employees.