Clara Lionel Foundation

Analysis

Clara Lionel Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2014, 12 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, Clara Lionel Foundation reported income of $2.9m and spending of $7.6m, spending 265% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $2.9m (-57%), an average of -19% a year. The sharpest change came in the year to December 2020, when income rose by 672%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clara Lionel Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include High Point Chamber Foundation Inc ($2.9m), United Way of Clallam County ($2.9m) and Lifespan Local Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $569k (7.5% of expenses). Other salaries and wages came to $579k. At year end it held assets of $52.0m against liabilities of $4.3m, net assets of $47.7m. It reported 8 employees.