Clearing Endowment Trust

Analysis

Clearing Endowment Trust is a registered charity in United States, based in Ellison Bay, WI. It received its IRS tax-exemption ruling in October 1998, 28 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 December 2023, Clearing Endowment Trust reported income of $87k and spending of $190k, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $252k to $87k (-66%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clearing Endowment Trust sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include Rare Is Beautiful ($87k), Holy Place Church ($87k) and Engebretson Family Charitable Trust ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% of the total. At year end it held assets of $3.4m against liabilities of $171k, net assets of $3.2m.