Clasp Childrens Center Inc

Analysis

Clasp Childrens Center Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Clasp Childrens Center Inc reported income of $1.5m and spending of $1.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clasp Childrens Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Parents for Educational Freedom in North Carolina Inc ($1.5m), Providence Christian Academy ($1.5m) and Lakeside Christian Academy Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Other salaries and wages came to $866k. At year end it held assets of $1.2m against liabilities of $66k, net assets of $1.1m. It reported 41 employees.