Clark Memorial Home Association

Analysis

Clark Memorial Home Association is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in August 1974, 52 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, Clark Memorial Home Association reported income of $573k and spending of $665k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $710k to $573k (-19%), an average of -5.2% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clark Memorial Home Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Hudson Valley LGBTQ Community Center Inc ($572k), The Bay Area Urban Network Inc ($573k) and A Hand Up International Inc Global Outreach Ministries ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $332k. At year end it held assets of $2.7m against liabilities of $3,640, net assets of $2.7m. It reported 25 employees.