Cleveland Superior Arts Improvement Corporation

Analysis

Cleveland Superior Arts Improvement Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cleveland Superior Arts Improvement Corporation reported income of $289k and spending of $289k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $241k to $289k (+20%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cleveland Superior Arts Improvement Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include West Bank Business Association ($289k), Keep Bel Air Beautiful ($289k) and Accessibility Professionals Association ($289k).

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 $5,000 against liabilities of $0, net assets of $5,000.