Clearway Clinic Inc

Analysis

Clearway Clinic Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Clearway Clinic Inc reported income of $1.1m and spending of $1.5m, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $769k to $1.1m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clearway Clinic Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Bucks County Association for the Blind and Visually Impaired ($1.1m), Community Housing of Darke Miami & Shelby Counties Incorporated ($1.1m) and Urban Minority Alcoholism and Drug Outreach Program of Dayton ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $748k. At year end it held assets of $1.3m against liabilities of $442k, net assets of $840k. It reported 24 employees.