Clark Towers Inc

Analysis

Clark Towers Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Clark Towers Inc reported income of $1.4m and spending of $1.0m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Clark Towers Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NV. Charities of a similar size with the same main cause include Ark Assessment Center and Emergency Shelter for Youth ($1.4m), Albany County Rural Housing ($1.4m) and Skagit Council Housing ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $256k. At year end it held assets of $6.7m against liabilities of $2.6m, net assets of $4.0m.