Clasp

Analysis

Clasp is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Clasp reported income of $26.3m and spending of $24.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.9m to $26.3m (+89%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Clasp sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Nia Tero Foundation ($26.2m), Mission Possible Partnership USA Inc ($26.4m) and Fairmount Park Conservancy ($26.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $1.1m (4.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $21.0m against liabilities of $16.4m, net assets of $4.6m. It reported 41 employees.