Clarendon Foundation

Analysis

Clarendon Foundation is a registered charity in United States, based in Midvale, UT. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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, Clarendon Foundation reported income of $3.5m and spending of $1.5m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.5m (+104%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clarendon Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include U a Local 467 Apprenticeship and Training Trust ($3.5m), Onslow Community Outreach Inc ($3.5m) and The Barnesville School Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 42% of the total. Compensation of current officers, directors and key employees was $446k (31% of expenses). Other salaries and wages came to $408k. At year end it held assets of $10.0m against liabilities of $2.0m, net assets of $8.0m. It reported 9 employees.