Cleveland Kids Book Bank

Analysis

Cleveland Kids Book Bank 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 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, Cleveland Kids Book Bank reported income of $626k and spending of $841k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $626k (+5.5%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleveland Kids Book Bank sits at the 71st 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 74th percentile within OH. Charities of a similar size with the same main cause include Iowa Lutheran School Tuitionorganization Inc ($626k), MSGR Kelly Catholic High School Foundation Inc ($626k) and Touchdown Club of Oklahoma ($626k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $406k. At year end it held assets of $1.1m against liabilities of $124k, net assets of $1.0m. It reported 12 employees.