Clay Associates

Analysis

Clay Associates is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. 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 December 2023, Clay Associates reported income of $185k and spending of $166k, spending 90% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $177k to $185k (+4.6%), an average of +2.3% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clay Associates sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Musicians of the Old Post Road Inc ($185k), Steel Horse Rally Inc ($185k) and New Bern Preservation Foundation Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $81k (49% of expenses). Other salaries and wages came to $3,702. At year end it held assets of $406k against liabilities of $2,170, net assets of $404k. It reported 6 employees.