Clearfield Revitalization Corporation

Analysis

Clearfield Revitalization Corporation is a registered charity in United States, based in Clearfield, PA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Clearfield Revitalization Corporation reported income of $72k and spending of $74k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $61k to $72k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 297%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clearfield Revitalization Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include A Dream Shared Inc ($72k), Womens Institute for Leadership Development Inc ($72k) and Bronx Venture Corp ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $40k. At year end it held assets of $624k against liabilities of $2,250, net assets of $621k. It reported 1 employees.