Joseph Albert Clapp Memorial Fund

Analysis

Joseph Albert Clapp Memorial Fund is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Joseph Albert Clapp Memorial Fund reported income of $52k and spending of $90k, spending 175% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $28k to $52k (+83%), an average of +16% a year. The sharpest change came in the year to March 2022, when income rose by 420%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph Albert Clapp Memorial Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within AL. Charities of a similar size with the same main cause include Mrs E William Aylward Sr Mem Endow FD Trust for Rawhide ($52k), Orange Foundation ($52k) and Eunice Zearing TR Fbo Board of Education Princeton High School ($52k).

Compensation of current officers, directors and key employees was $17k (19% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.