The Clearing

Analysis

The Clearing is a registered charity in United States, based in Ellison Bay, WI. It received its IRS tax-exemption ruling in April 1938, 88 years ago. 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 December 2023, The Clearing reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Clearing sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include RHF Housing Inc ($1.6m), Crealde Arts Inc ($1.6m) and Santa Monica Pier Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $100k (6.5% of expenses). Other salaries and wages came to $629k. At year end it held assets of $4.0m against liabilities of $117k, net assets of $3.8m. It reported 23 employees.