Clare Housing

Analysis

Clare Housing is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clare Housing reported income of $6.8m and spending of $7.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.8m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clare Housing sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Ithacare Center Service Co Inc ($6.8m), Brightside Up Inc ($6.8m) and Not Forgotten Home and Community Services ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $154k (2.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $10.7m against liabilities of $2.1m, net assets of $8.6m. It reported 124 employees.