Clearwater for Youth Inc

Analysis

Clearwater for Youth Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in January 1976, 50 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Clearwater for Youth Inc reported income of $591k and spending of $833k, spending 141% of what it took in. Across the 6 years on record, from May 2019 to December 2023, income grew from $505k to $591k (+17%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 627%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Clearwater for Youth Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Youth Basketball Academy ($591k), Cedar County Fair Association Inc ($591k) and Boys and Girls Club of Holland Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $147k (18% of expenses). Other salaries and wages came to $132k. At year end it held assets of $5.0m against liabilities of $14k, net assets of $5.0m. It reported 6 employees.