Cloud Covered Streets

Analysis

Cloud Covered Streets is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cloud Covered Streets reported income of $599k and spending of $848k, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $675k to $599k (-11%), an average of -5.8% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cloud Covered Streets sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include Friends of the Children Fargo- Moorhead ($599k), Casa de Amistad Centro de Ensenanza ($600k) and Senior Community Center of Owensboro-Daviess County Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). Other salaries and wages came to $178k. At year end it held assets of $646k against liabilities of $0, net assets of $646k. It reported 13 employees.