Klare Holdings

Analysis

Klare Holdings is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Klare Holdings reported income of $21.8m and spending of $20.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $21.8m (+150%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Klare Holdings sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Harvey School ($21.8m), Massachusetts Museum of Contemporary Art Foundation Inc ($21.8m) and Esperanza Cyber Charter School ($21.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 71% of the total. At year end it held assets of $291.0m against liabilities of $275.1m, net assets of $16.0m.