Clara Martin Center Inc

Analysis

Clara Martin Center Inc is a registered charity in United States, based in Randolph, VT. It received its IRS tax-exemption ruling in June 1970, 56 years ago. 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 June 2023, Clara Martin Center Inc reported income of $15.5m and spending of $14.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $15.5m (+32%), an average of +7.2% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clara Martin Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include Child Care Choices Inc ($15.5m), Wisconsin Womens Business Initiative Corporation ($15.6m) and World Ort Inc ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $292k (2.0% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $10.7m against liabilities of $2.7m, net assets of $8.0m. It reported 224 employees.