Thomas D Clark Foundation Inc

Analysis

Thomas D Clark Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 December 2023, Thomas D Clark Foundation Inc reported income of $130k and spending of $195k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $130k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas D Clark Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within KY. Charities of a similar size with the same main cause include Nebraska Czechs of Wilber ($130k), Volunteers of America Inc ($130k) and Campus Christian Center ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.