Clover Area Assistance Center Inc

Analysis

Clover Area Assistance Center Inc is a registered charity in United States, based in Clover, SC. It received its IRS tax-exemption ruling in August 1985, 41 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, Clover Area Assistance Center Inc reported income of $725k and spending of $661k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $725k (+186%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 203%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clover Area Assistance Center 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 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Dalhart Area Child Care Center Inc ($725k), Keweenaw Family Resource Center ($725k) and The Korean American Scholarship Foundation ($725k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (9.5% of expenses). Other salaries and wages came to $86k. At year end it held assets of $1.5m against liabilities of $2,988, net assets of $1.5m. It reported 6 employees.