Clock Inc

Analysis

Clock Inc is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in May 2019, 7 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, Clock Inc reported income of $211k and spending of $192k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $167k to $211k (+26%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clock Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Mb2 Family Foundation ($211k), Magic Fund Inc ($211k) and Re Gen Er Ate ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $53k (28% of expenses). Other salaries and wages came to $36k. At year end it held assets of $98k against liabilities of $36k, net assets of $62k. It reported 3 employees.