Clear Path for Veterans Inc

Analysis

Clear Path for Veterans Inc is a registered charity in United States, based in Chittenango, NY. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Clear Path for Veterans Inc reported income of $4.4m and spending of $5.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $4.4m (+74%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clear Path for Veterans 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 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include R E a P Inc ($4.4m), After School Programs Inc ($4.4m) and Positive Alternatives Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $234k (4.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.3m against liabilities of $1.8m, net assets of $2.5m. It reported 54 employees.