Clover Foundation Inc

Analysis

Clover Foundation Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clover Foundation Inc reported income of $112k and spending of $197k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $112k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clover Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Jarc Foundation ($112k), Jcam Charitable Foundation Inc ($112k) and Girls Rock North Carolina ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.