Clutch City Foundation

Analysis

Clutch City Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Clutch City Foundation reported income of $1.8m and spending of $793k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $616k to $1.8m (+196%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 275%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clutch City Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Greater Cleveland Pipefitting Industry Training Fund ($1.8m), South Valley Training Company ($1.8m) and Livable Buckhead ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.2m against liabilities of $228k, net assets of $2.0m.