Cleveland Humanities Magnet Parent Association

Analysis

Cleveland Humanities Magnet Parent Association is a registered charity in United States, based in Northridge, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Cleveland Humanities Magnet Parent Association reported income of $69k and spending of $74k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $77k to $69k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleveland Humanities Magnet Parent Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Hellenic University Club of Philadelphia ($69k), Global Harmony Through Personal Excellence ($69k) and Frankfort-Elberta Area Schools Educational Foundation ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $226k against liabilities of $7,350, net assets of $219k.