Clubhouse Network Inc

Analysis

Clubhouse Network Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Clubhouse Network Inc reported income of $3.6m and spending of $4.0m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Clubhouse Network Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Louis D Brown Peace Institute Corporation ($3.6m), Wild Souls Ranch ($3.6m) and Nueces County Junior Livestock Association ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $203k (5.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.9m against liabilities of $993k, net assets of $2.9m. It reported 26 employees.