Clay Electric Foundation Inc

Analysis

Clay Electric Foundation Inc is a registered charity in United States, based in Keystone HGTS, FL. It received its IRS tax-exemption ruling in June 2016, 10 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 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 2022, Clay Electric Foundation Inc reported income of $888k and spending of $928k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $918k to $888k (-3.2%), an average of -1.1% a year. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clay Electric Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Community Foundation of the Verdugos ($888k), Desai Foundation ($889k) and Carole Kai Charities Inc ($887k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $283k against liabilities of $15k, net assets of $268k.

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.