The Claremont Colleges Inc

Analysis

The Claremont Colleges Inc is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Claremont Colleges Inc reported income of $48.4m and spending of $53.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $56.0m to $48.4m (-14%), an average of -3.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Claremont Colleges Inc 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Sage Oak Charter School ($48.4m), Early Learning Coalition of St Lucie County Inc ($48.4m) and Isha Foundation Inc ($48.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.2m (4.0% of expenses). Other salaries and wages came to $21.2m. At year end it held assets of $150.5m against liabilities of $26.9m, net assets of $123.7m. It reported 440 employees.