Clearwater Residential Inc

Analysis

Clearwater Residential Inc is a registered charity in United States, based in Moreno Valley, CA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Clearwater Residential Inc reported income of $223k and spending of $219k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $223k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Clearwater Residential Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Hearth Inc ($223k), Mitchell Area Safehouse Foundation ($223k) and Garden Way Housing Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $133k against liabilities of $160k, net assets of -$28k.