CLC Foundation Inc

Analysis

CLC Foundation Inc is a registered charity in United States, based in Warwick, NY. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, CLC Foundation Inc reported income of $3.2m and spending of $1.8m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.2m (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, CLC Foundation 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Msufcu Desk Drawer Foundation ($3.2m), Valley Community Foundation Inc ($3.2m) and Peopleforbikes Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $212k (12% of expenses). Other salaries and wages came to $620k. At year end it held assets of $4.2m against liabilities of $502k, net assets of $3.7m. It reported 33 employees.