Clu Transitions Incorporated

Analysis

Clu Transitions Incorporated is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Clu Transitions Incorporated reported income of $604k and spending of $786k, spending 130% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $186k to $604k (+225%), an average of +225% a year. The sharpest change came in the year to August 2023, when income rose by 225%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clu Transitions Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Mission Santa Maria Inc ($604k), Wesley Child Care Center ($604k) and Greater Naples Officials Association Inc ($604k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $68k (8.6% of expenses). Other salaries and wages came to $347k. At year end it held assets of $535k against liabilities of $783k, net assets of -$247k. It reported 13 employees.