Clearfork Community Institute Inc

Analysis

Clearfork Community Institute Inc is a registered charity in United States, based in Eagan, TN. It received its IRS tax-exemption ruling in October 1998, 28 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 December 2023, Clearfork Community Institute Inc reported income of $150k and spending of $45k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $11k to $150k (+1290%), an average of +1290% a year. The sharpest change came in the year to December 2023, when income rose by 1290%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clearfork Community Institute Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Dni 4 Inc ($150k), Ocean Parkway Community Development ($150k) and Covenant Community Development Corporation of Orlando Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. At year end it held assets of $328k against liabilities of $0, net assets of $328k.