Arts, Culture & Humanities
(A20)
IRS Verified
DX Registered
990 on File
CLEVELAND FESTIVAL OF ART AND TECHNOLOGY INC
Financial strength (30%)
86/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Ingenuity ignites the spark of creativity among artists, entrepreneurs and innovators of all types, through joy and collaboration, in service to civic progress. We focus on changing attitudes about our region and generating economic impact by exploring the intersection of art, technology, and industry & animating unexpected spaces with world-class experiences. Through our annual IngenuityFest, year-round programming, and educational outreach, we inspire and engage our audiences, push boundaries, and empower communities.
Financial Overview — FY 2024
$1.0M
Total Revenue
$942K
Total Expenses
$419K
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.0%
Fundraising Efficiency
N/A
Operating Reserve
5.33x
Liability-to-Asset
71.7%
Revenue Diversification
58.6%
Executive Compensation
$70K
Compared with Peers
FY 2024
Compared with 12,711 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.0% | 82.0% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.8% | 14.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.3 mo | 9.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
71.7% | 1.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
58.6% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
56.0% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
34.2% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.9% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.0M | $942K | $419K | 82.0% | 4 |
| 2023 | $641K | $702K | $280K | 83.5% | 4 |
| 2022 | $633K | $696K | $377K | 84.7% | 3 |
| 2021 | $510K | $358K | N/A | — | 3 |
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