Clearway School Inc

Analysis

Clearway School Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in November 1975, 51 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clearway School Inc reported income of $2.9m and spending of $2.8m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.9m (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clearway School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Association for Middle Level Education ($2.9m), Queens County Educators for Tomorrow Inc ($2.9m) and Brunswick Family Assistance Agency Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $552k (20% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.2m against liabilities of $2.2m, net assets of $1.1m. It reported 26 employees.