Clarewood House Inc

Analysis

Clarewood House Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clarewood House Inc reported income of $10.8m and spending of $11.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.9m to $10.8m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Clarewood House Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Columbus Housing Partnership Inc ($10.8m), Neighborhood of Affordable Housing Inc ($10.8m) and Moorings Park Community Health Incorporated ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $389k (3.5% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $37.9m against liabilities of $1.2m, net assets of $36.7m. It reported 231 employees.