Clayworks Inc

Analysis

Clayworks Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2004, 22 years ago. 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 June 2024, Clayworks Inc reported income of $1.1m and spending of $876k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $584k to $1.1m (+84%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clayworks Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include The University Council for Educational Administration Inc ($1.1m), Partnerships for Change ($1.1m) and Magnificent Day Care Center Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $107k (12% of expenses). Other salaries and wages came to $202k. At year end it held assets of $2.0m against liabilities of $471k, net assets of $1.5m. It reported 6 employees.