Clear Global Inc

Analysis

Clear Global Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in June 2011, 15 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 December 2022, Clear Global Inc reported income of $5.3m and spending of $5.5m, spending 104% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.6m to $5.3m (+240%), an average of +36% a year. The sharpest change came in the year to December 2019, when income rose by 99%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clear Global Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Philadelphia College of Osteopathic Medicine Foundation ($5.3m), Electronic Information Network ($5.3m) and Athlos Academy of Utah ($5.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $104k (1.9% of expenses). Other salaries and wages came to $98k. At year end it held assets of $970k against liabilities of $864k, net assets of $106k. It reported 8 employees.