Clearshare Health

Analysis

Clearshare Health is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Clearshare Health reported income of $5.6m and spending of $5.0m, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $951k to $5.6m (+486%), an average of +486% a year. The sharpest change came in the year to December 2023, when income rose by 486%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Clearshare Health sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Speaking Spirit Ministriesinternational Inc ($5.6m), Reasons to Believe ($5.6m) and Doulos Ministries Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.1m. It reported 1 employees.