Clare House Inc

Analysis

Clare House Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, Clare House Inc reported income of $383k and spending of $335k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $728k to $383k (-47%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 222%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clare House Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Friends of Detroit Rowing Inc ($383k), Symphonicity the Symphony Orchestra of Virginia Beach ($383k) and Raleigh Housing Fund Inc ($383k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $63k (19% of expenses). Other salaries and wages came to $156k. At year end it held assets of $1.4m against liabilities of $3,119, net assets of $1.4m. It reported 4 employees.