Clarview Rest Home Inc

Analysis

Clarview Rest Home Inc is a registered charity in United States, based in Sligo, PA. It received its IRS tax-exemption ruling in November 1978, 48 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clarview Rest Home Inc reported income of $7.7m and spending of $8.9m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.6m to $7.7m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clarview Rest Home Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include The Arc Nature Coast Inc ($7.7m), New Horizon Center for Developmentally Disabled ($7.7m) and Bek Care LLC ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $7.4m against liabilities of $1.3m, net assets of $6.1m. It reported 126 employees.