Clearwater-Clear Lake Food Shelf

Analysis

Clearwater-Clear Lake Food Shelf is a registered charity in United States, based in Clearwater, MN. It received its IRS tax-exemption ruling in September 2007, 19 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, Clearwater-Clear Lake Food Shelf reported income of $319k and spending of $134k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $319k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clearwater-Clear Lake Food Shelf sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Torat Chesed TR ($319k), Wisconsin Operative Plasterers & Cement Masons Journeymen & ($319k) and Breathestrong CF Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $21k (15% of expenses). At year end it held assets of $541k against liabilities of $0, net assets of $541k. It reported 2 employees.