Clearbrook

Analysis

Clearbrook is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in March 1967, 59 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 June 2023, Clearbrook reported income of $66.7m and spending of $63.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $48.2m to $66.7m (+38%), an average of +8.5% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clearbrook sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Nysarc Inc ($66.5m), Operation Warm Inc ($66.7m) and Edward Charles Foundation ($66.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $651k (1.0% of expenses). Other salaries and wages came to $39.2m. At year end it held assets of $43.9m against liabilities of $14.8m, net assets of $29.1m. It reported 1,213 employees.