Clarksville Ruritans Inc

Analysis

Clarksville Ruritans Inc is a registered charity in United States, based in Clarksville, VA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clarksville Ruritans Inc reported income of $424k and spending of $252k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $424k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clarksville Ruritans Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Colorado Jobs with Justice Inc ($424k), Millvale Borough Development Corporation ($424k) and Central Avenue Historic Business Improvement District ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 72% of the total. At year end it held assets of $612k against liabilities of $1,600, net assets of $610k.