Clarinda Foundation Inc

Analysis

Clarinda Foundation Inc is a registered charity in United States, based in Clarinda, IA. It received its IRS tax-exemption ruling in January 1987, 39 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 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, Clarinda Foundation Inc reported income of $531k and spending of $779k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $741k to $531k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clarinda Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Action for Autism ($530k), Sacramento Area Bicycle Advocates ($531k) and Mansfield I S D Education Foundation Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $35k (4.6% of expenses). Other salaries and wages came to $9,649. At year end it held assets of $6.0m against liabilities of $1,428, net assets of $6.0m. It reported 3 employees.