Clay Foundation Inc

Analysis

Clay Foundation Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Clay Foundation Inc reported income of $85k and spending of $660k, spending 780% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $85k (-56%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 401% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clay Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within AL. Charities of a similar size with the same main cause include Straighttalk Association for Financial Empowerment ($85k), Food4hope of Nebraska ($85k) and Kurdish American Development Organization Inc ($85k).

At year end it held assets of $2.5m against liabilities of $2.4m, net assets of $163k.

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.