Clover House Inc

Analysis

Clover House Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in September 1970, 56 years ago. 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 August 2023, Clover House Inc reported income of $2.8m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.0m to $2.8m (-6.1%), an average of -1.6% a year. The sharpest change came in the year to August 2022, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clover House Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Assn ($2.8m), Phoenix Residential Investment Development Effort ($2.8m) and Marion County Services Inc ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $108k (3.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m. It reported 68 employees.