Point Clear Charities Inc

Analysis

Point Clear Charities Inc is a registered charity in United States, based in Point Clear, AL. It received its IRS tax-exemption ruling in December 1992, 34 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 2023, Point Clear Charities Inc reported income of $161k and spending of $68k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $161k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Point Clear Charities Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AL. Charities of a similar size with the same main cause include Clark Family Charity ($161k), Mascarenas Foundation ($161k) and Lindas Angels Ltd ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 141% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.