Clipped in for Life

Analysis

Clipped in for Life is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Clipped in for Life reported income of $427k and spending of $383k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $314k to $427k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Clipped in for Life sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include I Dance Adaptive Performing Arts Center ($427k), North Texas State Soccer Association Inc ($427k) and Detroit Curling Club ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $125k (33% of expenses). Other salaries and wages came to $54k. At year end it held assets of $119k against liabilities of $72k, net assets of $47k. It reported 8 employees.