Indian River Clay Inc

Analysis

Indian River Clay Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indian River Clay Inc reported income of $272k and spending of $167k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $364k to $272k (-25%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indian River Clay Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Alliance for Technology Education in Advanced Math and Science Corp ($272k), In-Sight Photography Project Incorporated ($272k) and Commodore Sloat School Fund ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 70% of the total. At year end it held assets of $634k against liabilities of $161k, net assets of $472k.