Thea Bowman Center

Analysis

Thea Bowman Center is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Thea Bowman Center reported income of $957k and spending of $866k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $475k to $957k (+102%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thea Bowman Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Nile Sisters Development Initiative ($957k), Cortland College Childrens Center ($957k) and Youth Transporation Organization ($957k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $55k (6.3% of expenses). Other salaries and wages came to $312k. At year end it held assets of $935k against liabilities of $36k, net assets of $899k. It reported 14 employees.