Claires Army Inc

Analysis

Claires Army Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 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 June 2024, Claires Army Inc reported income of $622k and spending of $553k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $279k to $622k (+123%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Claires Army Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Community Uplift Partnership ($622k), Kearney Enrichment Council ($622k) and Brazosport Independent School District Education Foundation ($622k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $113k (20% of expenses). At year end it held assets of $862k against liabilities of $16k, net assets of $846k. It reported 3 employees.