Clearpath Inc

Analysis

Clearpath Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Clearpath Inc reported income of $11.2m and spending of $12.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $11.2m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Clearpath Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Conserving Carolina ($11.2m), American Forest Foundation ($11.3m) and Vermont Youth Conservation Corps Inc ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.3m (19% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $7.6m against liabilities of $3.0m, net assets of $4.6m. It reported 50 employees.