Above the Clouds Inc

Analysis

Above the Clouds Inc is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in February 2013, 13 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, Above the Clouds Inc reported income of $196k and spending of $133k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $175k to $196k (+12%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Above the Clouds Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Nanmma Inc ($196k), Denver Gaels Gaa Football Club ($196k) and SW Food Program Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $7,692 (5.8% of expenses). At year end it held assets of $387k against liabilities of $800, net assets of $386k. It reported 1 employees.