Say Yes Cleveland Scholarship Inc

Analysis

Say Yes Cleveland Scholarship Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 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, Say Yes Cleveland Scholarship Inc reported income of $2.1m and spending of $4.4m, spending 212% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $77.0m to $2.1m (-97%), an average of -70% a year. The sharpest change came in the year to June 2021, when income dropped by 93%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Say Yes Cleveland Scholarship Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Rivendell School ($2.1m), The Good Shepherd Catholic Montessori ($2.1m) and Pacific Rim Christian University ($2.1m).

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 $99.3m against liabilities of $23k, net assets of $99.2m.