Clonlara Inc

Analysis

Clonlara Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clonlara Inc reported income of $3.0m and spending of $3.4m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $3.0m (+60%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clonlara Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Musser-Davis Land Company ($3.0m), Cape Cod Childrens Place Inc ($3.0m) and Stark State College Foundation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $112k (3.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.4m against liabilities of $2.7m, net assets of $642k. It reported 40 employees.