CLCS Realty Corporation

Analysis

CLCS Realty Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, CLCS Realty Corporation reported income of $1.3m and spending of $818k, leaving 38% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $275k to $1.3m (+382%), an average of +69% a year. The sharpest change came in the year to June 2022, when income rose by 545%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, CLCS Realty Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include United Way of Greater Mercer County Inc ($1.3m), Nicholas County Communityfoundation Inc ($1.3m) and Gateway Charitable Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $24.8m against liabilities of $23.6m, net assets of $1.2m.