Clearwater Community Foundation Inc

Analysis

Clearwater Community Foundation Inc is a registered charity in United States, based in Clearwater, KS. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Clearwater Community Foundation Inc reported income of $136k and spending of $145k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $198k to $136k (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clearwater Community Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within KS. Charities of a similar size with the same main cause include Main Street Greenfield ($136k), Howell Main Street Inc ($136k) and Junior League of Savannah Inc ($136k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $48k. At year end it held assets of $530k against liabilities of $14k, net assets of $516k. It reported 8 employees.