Clockshop

Analysis

Clockshop is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Clockshop reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $271k to $1.3m (+388%), an average of +49% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clockshop sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Pensacola Opera Inc ($1.3m), Penobscot Theatre Company ($1.3m) and Southwestern Association for Indian Arts Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $497k. At year end it held assets of $1.0m against liabilities of $848k, net assets of $163k. It reported 9 employees.