Uss Cleveland Legacy Foundation

Analysis

Uss Cleveland Legacy Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2019, 7 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 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, Uss Cleveland Legacy Foundation reported income of $992k and spending of $456k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $265k to $992k (+274%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 261%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Uss Cleveland Legacy Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include BCT Management Inc ($991k), Mystic Ballet Inc ($993k) and Maestra Music Inc ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $145k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 3 employees.