Claw Corp

Analysis

Claw Corp is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Claw Corp reported income of $541k and spending of $601k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $454k to $541k (+19%), an average of +4.5% a year. The sharpest change came in the year to September 2022, when income rose by 434%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Claw Corp 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 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Wayne County YMCA ($541k), Stepping Stones Academy at the Woodlands Inc ($541k) and National Adult Day Services Association Foundation ($541k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $61k (10% of expenses). At year end it held assets of $218k against liabilities of $181k, net assets of $37k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.