New City Cleveland

Analysis

New City Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2021, 5 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 December 2023, New City Cleveland reported income of $67k and spending of $84k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $67k (+5.7%), an average of +5.7% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New City Cleveland sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Downtown Taos ($67k), Flower Mound Women in Business ($67k) and The Junior League of Knoxville Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,662 against liabilities of $0, net assets of $5,662.