Cleveland Development Foundation

Analysis

Cleveland Development Foundation is a registered charity in United States, based in Cleveland, MS. It received its IRS tax-exemption ruling in November 2016, 10 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, Cleveland Development Foundation reported income of $105k and spending of $87k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $105k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland Development Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within MS. Charities of a similar size with the same main cause include Downtown Minneapolis Neighborhood Association Inc ($105k), Advocacy to Legacy ($105k) and Jefferson County Tourism Commission ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.