Clyde Heritage League Inc

Analysis

Clyde Heritage League Inc is a registered charity in United States, based in Clyde, OH. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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 February 2024, Clyde Heritage League Inc reported income of $65k and spending of $102k, spending 157% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $63k to $65k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to February 2023, when income rose by 77%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clyde Heritage League Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Friends of the Library Glen Ellyn Free Public Lib ($65k), PTA Arizona Congress of Parents and Teachers Inc ($65k) and City Wide Club of Clubs Crisis Calls Auxiliary ($65k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $19k (19% of expenses). At year end it held assets of $890k against liabilities of $329, net assets of $889k. It reported 1 employees.

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.