Clearwater Homes Inc

Analysis

Clearwater Homes Inc is a registered charity in United States, based in Geneva, OH. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clearwater Homes Inc reported income of $1.3m and spending of $1.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Clearwater Homes Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Shoals Presbyterian Apartments Inc ($1.3m), City of Sumter Housing & Economic Developement Corporation ($1.3m) and Shelter Care Ministries ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $159k (11% of expenses). Other salaries and wages came to $905k. At year end it held assets of $1.1m against liabilities of $174k, net assets of $954k. It reported 66 employees.