CLC Properties Inc

Analysis

CLC Properties Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, CLC Properties Inc reported income of $149k and spending of $149k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $174k to $149k (-14%), an average of -4.9% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CLC Properties Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Family of God Fellowship Church Inc ($149k), Sinai Temple Endowment Trust ($149k) and PTA California Congress of Parents Teachers & Students Inc ($149k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $11k. At year end it held assets of $434k against liabilities of $323k, net assets of $111k.