Childrens Museum of Cleveland Holdings Foundation

Analysis

Childrens Museum of Cleveland Holdings Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Museum of Cleveland Holdings Foundation reported income of $512k and spending of $809k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $978k to $512k (-48%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum of Cleveland Holdings Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Libero Canto Foundation ($512k), Fitchburg Access Television Inc ($512k) and Ophelias Jump Productions a California Public Benefit Corporat ($512k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.5m against liabilities of $7.3m, net assets of $140k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.