Clear Passage Foundation

Analysis

Clear Passage Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clear Passage Foundation reported income of $843k and spending of $829k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $766k to $843k (+10.0%), an average of +2.4% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clear Passage Foundation 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 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Aia Foundation ($843k), Most Policy Initiative ($843k) and Access to Independence of Cortland County Inc ($843k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (10% of expenses). Other salaries and wages came to $177k. At year end it held assets of $541k against liabilities of $356k, net assets of $185k. It reported 5 employees.