Cleveland Psychosocial Services Inc

Analysis

Cleveland Psychosocial Services Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 2024, Cleveland Psychosocial Services Inc reported income of $1.4m and spending of $1.3m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.4m (+22%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleveland Psychosocial Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Friends of Jemison Park ($1.4m), Loving Hands Ministries Inc ($1.4m) and United States Association for Blind Athletes Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $115k (8.6% of expenses). Other salaries and wages came to $483k. At year end it held assets of $2.1m against liabilities of $86k, net assets of $2.0m. It reported 25 employees.