Clear Spring Road Residences Inc

Analysis

Clear Spring Road Residences Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clear Spring Road Residences Inc reported income of $84k and spending of $79k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $84k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 129% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Clear Spring Road Residences Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Tapestry for Women Inc ($84k), Berrien Touchdown Club Inc ($84k) and Metropolitan Washington DC Chapter of Ncbw100 ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $981k against liabilities of $1.2m, net assets of -$217k.