Friends of the McGaffin Carillon in University Circle Inc

Analysis

Friends of the McGaffin Carillon in University Circle Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Friends of the McGaffin Carillon in University Circle Inc reported income of $69k and spending of $43k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $69k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the McGaffin Carillon in University Circle Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Marshall Historical Society Inc ($69k), Passenger Vessel Foundation Inc ($69k) and Oisd Competition Team Guild Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $384k against liabilities of $1,509, net assets of $383k.