Clarehouse Inc

Analysis

Clarehouse Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Clarehouse Inc reported income of $2.0m and spending of $1.8m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.0m (+3.3%), an average of +1.1% a year. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clarehouse Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OK. Charities of a similar size with the same main cause include Leadership Training Incorporated ($2.0m), Lost-N-Found Youth Inc ($2.0m) and Rhinelander Area Food Pantry ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $124k (6.9% of expenses). Other salaries and wages came to $847k. At year end it held assets of $8.5m against liabilities of $370k, net assets of $8.1m. It reported 36 employees.