Clyde Development Inc

Analysis

Clyde Development Inc is a registered charity in United States, based in Clyde, KS. It received its IRS tax-exemption ruling in December 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clyde Development Inc reported income of $3.3m and spending of $2.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.3m (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clyde Development Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include Project Helping ($3.3m), Crawford County Drug and Alcohol ($3.3m) and Liga Contra El Cancer Inc League Against Cancer Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $160k (5.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.4m against liabilities of $306k, net assets of $1.1m. It reported 96 employees.