Literary Cleveland

Analysis

Literary Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Literary Cleveland reported income of $470k and spending of $495k, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $235k to $470k (+100%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literary Cleveland sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Tiny Town Inc NFP ($470k), West Texas A&m University Alumni Association ($470k) and Tennessee Educators of Color Alliance ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $69k (14% of expenses). Other salaries and wages came to $93k. At year end it held assets of $290k against liabilities of $9,207, net assets of $281k. It reported 4 employees.