Clancy Works Inc

Analysis

Clancy Works Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Clancy Works Inc reported income of $419k and spending of $413k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $171k to $419k (+146%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clancy Works Inc 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 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Chester Housing Initiatives Inc ($419k), Materials Exchange Center for Community Arts ($420k) and Smithtown Historical Society ($419k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $102k (25% of expenses). Other salaries and wages came to $102k. At year end it held assets of $107k against liabilities of $100k, net assets of $7,234. It reported 7 employees.