Clearwater Day Activity Center Inc

Analysis

Clearwater Day Activity Center Inc is a registered charity in United States, based in Bagley, MN. It received its IRS tax-exemption ruling in September 1980, 46 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, Clearwater Day Activity Center Inc reported income of $810k and spending of $778k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $576k to $810k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clearwater Day Activity Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include St Mark Manor Inc ($809k), Gunpowder Valley Conservancy Inc ($810k) and A Childrens Habitat Inc ($809k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1,254 (0.2% of expenses). Other salaries and wages came to $426k. At year end it held assets of $960k against liabilities of $35k, net assets of $925k. It reported 31 employees.