Clarion Universiy Foundation Inc

Analysis

Clarion Universiy Foundation Inc is a registered charity in United States, based in Clarion, PA. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clarion Universiy Foundation Inc reported income of $6.0m and spending of $6.3m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $14.0m to $6.0m (-57%), an average of -25% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clarion Universiy Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Contra Costa Christian Schools Association ($6.0m), Lafayette Christian School Inc ($6.0m) and Crayons to Classrooms ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $193k (3.1% of expenses). Other salaries and wages came to $142k. At year end it held assets of $153.6m against liabilities of $91.6m, net assets of $62.0m. It reported 7 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.