Clare of Assisi Homes-Westminster Inc

Analysis

Clare of Assisi Homes-Westminster Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 2017, 9 years ago. 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, Clare of Assisi Homes-Westminster Inc reported income of $536k and spending of $589k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $611k to $536k (-12%), an average of -3.2% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clare of Assisi Homes-Westminster Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Volunteers of America Inc ($535k), Living Ways Foundation Inc ($536k) and Big Brothers Big Sisters of the Central Blue Ridge Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. At year end it held assets of $2.2m against liabilities of $97k, net assets of $2.1m.

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.