Clemente Course in the Humanities Inc

Analysis

Clemente Course in the Humanities Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Clemente Course in the Humanities Inc reported income of $281k and spending of $358k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $391k to $281k (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2021, when income rose by 745%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clemente Course in the Humanities Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Wisconsin Mason Apprenticeship and Training Fund ($281k), City of Wahoo Public Library Foundation ($281k) and Ascend1 ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $116k (32% of expenses). Other salaries and wages came to $38k. At year end it held assets of $345k against liabilities of $8,938, net assets of $336k. It reported 3 employees.