Clear Lake Area Community Center Inc

Analysis

Clear Lake Area Community Center Inc is a registered charity in United States, based in Clear Lake, WI. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Clear Lake Area Community Center Inc reported income of $136k and spending of $94k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $136k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Clear Lake Area Community Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within WI. Charities of a similar size with the same main cause include Medfield Youth Baseball-Softball Inc ($136k), Louisiana 4-H Foundation ($136k) and Jews for Entrepreneurship Organization Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 66% of the total. At year end it held assets of $419k against liabilities of $9,435, net assets of $410k.