Clare Matrix

Analysis

Clare Matrix is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in December 1970, 56 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Clare Matrix reported income of $16.0m and spending of $15.2m, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $17.4m to $16.0m (-8.4%), an average of -2.9% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clare Matrix sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Cedar Crest Inc ($16.0m), Food & Friends Inc ($16.0m) and Choice in Aging ($16.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $253k (1.7% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $11.0m against liabilities of $9.6m, net assets of $1.5m. It reported 158 employees.