Clark School for Creative Learning Inc

Analysis

Clark School for Creative Learning Inc is a registered charity in United States, based in Rowley, MA. It received its IRS tax-exemption ruling in January 1981, 45 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, Clark School for Creative Learning Inc reported income of $3.6m and spending of $3.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.6m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clark School for Creative Learning Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Cornerstone Center for Early Learning Inc ($3.6m), Citizens Budget Commission Inc ($3.6m) and Fuji Towers Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $155k (4.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $502k against liabilities of $2.9m, net assets of -$2.4m. It reported 68 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.