CLS Foundation Inc

Analysis

CLS Foundation Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in February 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, CLS Foundation Inc reported income of $55k and spending of $21k, leaving 62% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $48k to $55k (+14%), an average of +14% a year. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CLS Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Points Ne Historical Society ($55k), Hope Rescue ($55k) and Rohnert Park Swim Club ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $454k against liabilities of $17k, net assets of $438k.