Cleveland Culinary Launch Inc

Analysis

Cleveland Culinary Launch Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2018, 8 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 Culinary Launch Inc reported income of $318k and spending of $463k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $318k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland Culinary Launch Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Attleboro Area School to Career Partnership Inc ($318k), Margate Business Association Inc ($318k) and Rhinelander Community Foundation Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $119k against liabilities of $558k, net assets of -$439k.

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.