Clevemont Inc

Analysis

Clevemont Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Clevemont Inc reported income of $350k and spending of $333k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $350k (+569%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 381%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Clevemont 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 64th percentile, and in the 38th percentile within DC. Charities of a similar size with the same main cause include Rainbow Missions ($349k), Pastoral Reflections Institute ($350k) and The Society for Biblical Studies Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Other salaries and wages came to $38k. At year end it held assets of $51k against liabilities of $0, net assets of $51k.