Cleveland Opportunity Foundation

Analysis

Cleveland Opportunity Foundation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in March 2021, 5 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 2024, Cleveland Opportunity Foundation reported income of $135k and spending of $158k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $240k to $135k (-44%), an average of -44% a year. The sharpest change came in the year to June 2024, when income dropped by 44%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cleveland Opportunity Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Ceres Unified School District Foundation ($135k), Association Des Haitiens Vivant a Letranger Pour Le Developement Inc ($135k) and Cape Cod Toy Library Inc ($135k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 18% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.