Engage Cleveland Inc

Analysis

Engage Cleveland 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 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, Engage Cleveland Inc reported income of $600k and spending of $424k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $600k (+104%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Engage Cleveland Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Rhea Economic and Tourism Council Inc ($600k), East Haddam Youth and Family Services Inc ($600k) and Georgia Building Trades Academy Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $136k (32% of expenses). Other salaries and wages came to $177k. At year end it held assets of $970k against liabilities of $139k, net assets of $831k. It reported 6 employees.