Clermont Adult Residential Homes Inc

Analysis

Clermont Adult Residential Homes Inc is a registered charity in United States, based in Batavia, OH. It received its IRS tax-exemption ruling in May 1977, 49 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, Clermont Adult Residential Homes Inc reported income of $845k and spending of $816k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $662k to $845k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clermont Adult Residential Homes Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Oak Street Child Development Center Inc ($845k), Pacific County Immigrant Support ($845k) and Victims Services of Cullman Inc ($845k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $28k (3.4% of expenses). Other salaries and wages came to $411k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 17 employees.