Gateway Economic Development Corporation of Greater Cleveland
758 Bolivar Rd, Cleveland, OH · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $162,797,089 | $52,611,972 | $215,964,709 |
| FY2023 | $82,302,277 | $51,929,777 | $105,779,592 |
| FY2022 | $32,203,082 | $54,327,161 | $75,407,092 |
| FY2021 | $30,122,951 | $60,760,724 | $97,531,171 |
| FY2020 | $46,953,957 | $36,814,355 | $128,168,944 |
| FY2019 | $173,873,362 | $32,465,366 | $118,029,342 |
| FY2018 | $126,298,393 | $32,020,085 | -$23,378,654 |
| FY2017 | $47,820,761 | $40,717,503 | -$117,656,962 |
| FY2016 | $73,104,704 | $40,761,946 | -$124,760,220 |
| FY2015 | $72,412,239 | $37,431,389 | -$157,102,978 |
| FY2014 | $19,579,074 | $34,460,910 | -$192,083,829 |
| FY2013 | $19,084,226 | $31,800,296 | -$177,129,890 |
| FY2012 | $18,505,903 | $37,040,648 | -$182,275,891 |
| FY2011 | $20,133,983 | $31,299,472 | -$163,741,146 |
Form 990 filings
The returns filed by Gateway Economic Development Corporation of Greater Cleveland (EIN 34-1650917), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $143,898,246 | 88% |
| Program service revenue | $16,621,998 | 10% |
| Other revenue | $2,276,845 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $51,828,935 | 99% |
| Management & general | $783,037 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 88% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2024. That is the highest share among 22 Community Improvement & Capacity Building organizations in OH.
- Net assets covered about 49.3 months of expenses at the end of the reporting year. That puts it in the 77th percentile among 893 Community Improvement & Capacity Building organizations in OH.
- Total revenue was the highest among 907 Community Improvement & Capacity Building organizations in OH.
- Total revenue rose from $20,133,983 in FY2011 to $162,797,089 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2021, FY2022).
- The highest revenue on record here is $173,873,362 in FY2019.
- Net assets grew from -$163,741,146 to $215,964,709 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 88% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROMOTE ECONOMIC DEVELOMENT IN ORDER TO PREVENT THE CONDITIONS OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA.
IRS status
| Ruling year | 1992 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S310 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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