Claddagh Fund Charities Inc

Analysis

Claddagh Fund Charities Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Claddagh Fund Charities Inc reported income of $387k and spending of $464k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $351k to $387k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income rose by 119%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Claddagh Fund Charities Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include San Ramon Valley Education Foundation ($387k), Betty Brinn Childrens Museum Foundation Inc ($387k) and Emmanuel Covenant Community Development Corporation ($387k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% of the total. Other salaries and wages came to $70k. At year end it held assets of $225k against liabilities of $85k, net assets of $139k.