Thatcher Family Fund of the Cleveland Foundation

Analysis

Thatcher Family Fund of the Cleveland Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thatcher Family Fund of the Cleveland Foundation reported income of $302k and spending of $761k, spending 252% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $533k to $302k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 156% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thatcher Family Fund of the Cleveland Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Show-Me Curriculum Administrators Association ($302k), Partners in Island Education Inc ($302k) and Warner Theatre Preservation Trust ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $6.8m against liabilities of $270, net assets of $6.8m.