H G Clay Foundation

Analysis

H G Clay Foundation is a registered charity in United States, based in Millbrook, AL. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, H G Clay Foundation reported income of $702k and spending of $830k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $702k (-33%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, H G Clay Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within AL. Charities of a similar size with the same main cause include Enhabit Cares ($702k), Saving Tiny Hearts Society ($702k) and Yale Entertainment & Sports Inc ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $169k (20% of expenses). At year end it held assets of $12.3m against liabilities of $0, net assets of $12.3m.