244 Claremont Corporation

Analysis

244 Claremont Corporation is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in June 2008, 18 years ago. 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 June 2023, 244 Claremont Corporation reported income of $76k and spending of $155k, spending 206% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $127k to $76k (-40%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 244 Claremont Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include New Castle County Coaches Cross Country and Track Association ($76k), St Augustine Community Fund Inc ($76k) and No 1 Green Township Volunteer Fire Department Inc of Hancock County ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $14k. At year end it held assets of $875k against liabilities of $721k, net assets of $154k.