Cuddles for Clefts Inc

Analysis

Cuddles for Clefts Inc is a registered charity in United States, based in Quinlan, TX. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Cuddles for Clefts Inc reported income of $98k and spending of $114k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $98k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cuddles for Clefts Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Housing for Multi-Handicapped Blind ($98k), Friends of the Hortense Miller Garden Inc ($99k) and Historic Muscatine Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $86k against liabilities of $7,966, net assets of $78k.