Clearfield Area United Way Inc

Analysis

Clearfield Area United Way Inc is a registered charity in United States, based in Clearfield, PA. It received its IRS tax-exemption ruling in September 1964, 62 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clearfield Area United Way Inc reported income of $125k and spending of $128k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $125k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clearfield Area United Way Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include Roundup Cowboys Association ($125k), Rockford Area Community Endowment ($125k) and Pro Player Foundation ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (44% of expenses). At year end it held assets of $194k against liabilities of $177k, net assets of $17k. It reported 2 employees.