Cleveland Society For The Blind
EIN: 340714652 · Cleveland, OH · NTEE: P860
| Metric | Value |
|---|---|
| Total Revenue | $18.0M |
| Total Expenses | $12.8M |
| Net Assets | $147.4M |
Is Cleveland Society For The Blind Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cleveland Society For The Blind
Cleveland Society For The Blind (EIN: 340714652) is a nonprofit organization based in Cleveland, OH, classified under NTEE code P860. The organization reported total revenue of $18.0M and total assets of $162.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cleveland Society For The Blind's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cleveland Society For The Blind is a large nonprofit that has been operating for 98 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $12.8M |
| Surplus / Deficit | $-674,795 |
| Total Assets | $148.4M |
| Total Liabilities | $1.0M |
| Net Assets | $147.4M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 138.8 months |
Financial Health Grade: B
In 2023, Cleveland Society For The Blind reported a deficit of $675K with expenses exceeding revenue, holds 138.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Cleveland Society For The Blind's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.8% | +10.7% | +9.4% |
| 2022 | +4.8% | +5.1% | +0.6% |
| 2021 | +61.6% | +10.8% | +12.4% |
| 2020 | +76.3% | -7.5% | +8.7% |
| 2019 | -9.3% | -3.9% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1928 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cleveland Society For The Blind has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cleveland Society For The Blind with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $675K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Cleveland Society For The Blind
Is Cleveland Society For The Blind a legitimate charity?
Based on AI analysis of IRS 990 filings, Cleveland Society For The Blind (EIN: 340714652) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cleveland Society For The Blind spend its money?
Detailed spending breakdown data is not yet available for Cleveland Society For The Blind. Check back for updated IRS 990 analysis.
Are donations to Cleveland Society For The Blind tax-deductible?
Cleveland Society For The Blind is registered as a tax-exempt nonprofit (EIN: 340714652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cleveland Society For The Blind located?
Cleveland Society For The Blind is headquartered in Cleveland, Ohio and files with the IRS under EIN 340714652. It is classified under NTEE code P860.
How many years of IRS 990 filings does Cleveland Society For The Blind have?
Cleveland Society For The Blind has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18.0M in total revenue.
Filing History
IRS 990 filing history for Cleveland Society For The Blind showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Cleveland Society For The Blind's revenue has grown by 24.4%, moving from $9.8M to $12.2M. Total assets increased by 99.5% over the same period, from $74.4M to $148.4M. Total functional expenses rose by 45.7%, from $8.8M to $12.8M. In its most recent filing year (2023), Cleveland Society For The Blind reported a deficit of $675K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $148.4M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $147.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.2M | $12.8M | $148.4M | $1.0M | — | View 990 |
| 2022 | $31.0M | $11.6M | $135.6M | $1.2M | — | — |
| 2021 | $29.6M | $11.0M | $134.9M | $950K | — | View 990 |
| 2020 | $18.3M | $10.0M | $119.9M | $888K | — | — |
| 2019 | $10.4M | $10.8M | $110.4M | $949K | — | View 990 |
| 2018 | $11.4M | $11.2M | $97.2M | $843K | — | View 990 |
| 2017 | $12.2M | $10.1M | $105.8M | $1.5M | — | View 990 |
| 2016 | $3.5M | $2.3M | $96.1M | $853K | — | View 990 |
| 2016 | $10.0M | $9.6M | $94.9M | $865K | — | View 990 |
| 2015 | $6.3M | $9.3M | $90.8M | $983K | — | View 990 |
| 2014 | $11.6M | $8.4M | $95.2M | $1.7M | — | View 990 |
| 2013 | $17.9M | $8.3M | $92.2M | $2.5M | — | View 990 |
| 2012 | $15.2M | $8.3M | $83.4M | $4.4M | — | View 990 |
| 2011 | $9.8M | $8.8M | $74.4M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.2M, expenses of $12.8M, and assets of $148.4M (revenue -60.8% year-over-year).
- 2022: Revenue of $31.0M, expenses of $11.6M, and assets of $135.6M (revenue +4.8% year-over-year).
- 2021: Revenue of $29.6M, expenses of $11.0M, and assets of $134.9M (revenue +61.6% year-over-year).
- 2020: Revenue of $18.3M, expenses of $10.0M, and assets of $119.9M (revenue +76.3% year-over-year).
- 2019: Revenue of $10.4M, expenses of $10.8M, and assets of $110.4M (revenue -9.3% year-over-year).
- 2018: Revenue of $11.4M, expenses of $11.2M, and assets of $97.2M (revenue -6.2% year-over-year).
- 2017: Revenue of $12.2M, expenses of $10.1M, and assets of $105.8M (revenue +251.2% year-over-year).
- 2016: Revenue of $3.5M, expenses of $2.3M, and assets of $96.1M (revenue -65.2% year-over-year).
- 2016: Revenue of $10.0M, expenses of $9.6M, and assets of $94.9M (revenue +59.4% year-over-year).
- 2015: Revenue of $6.3M, expenses of $9.3M, and assets of $90.8M (revenue -46.0% year-over-year).
- 2014: Revenue of $11.6M, expenses of $8.4M, and assets of $95.2M (revenue -35.1% year-over-year).
- 2013: Revenue of $17.9M, expenses of $8.3M, and assets of $92.2M (revenue +17.6% year-over-year).
- 2012: Revenue of $15.2M, expenses of $8.3M, and assets of $83.4M (revenue +55.4% year-over-year).
- 2011: Revenue of $9.8M, expenses of $8.8M, and assets of $74.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cleveland Society For The Blind:
Data Sources and Methodology
This transparency report for Cleveland Society For The Blind is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.