Clarion Project Inc

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Clarion Project Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Clarion Project Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Clarion Project Inc in one place.

Is Clarion Project Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Clarion Project Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Clarion Project Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Clarion Project Inc

Clarion Project Inc (EIN: 205845679) is a nonprofit organization based in Beachwood, OH, classified under NTEE code A32. The organization reported total revenue of $3.8M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clarion Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Clarion Project Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Clarion Project Inc reported a surplus of $150K with revenue exceeding expenses, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Clarion Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Clarion Project Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 80%
• fundraising: 10%

According to IRS 990 filings, Clarion Project Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $150K, with revenue exceeding expenses.
• Debt-to-asset ratio: 2.7%.

Executive Compensation Analysis

Clarion Project Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size with revenues often exceeding $2 million annually.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Clarion Project Inc's IRS 990 filings:

• Unusually low revenue in 202212 ($1,614,308) compared to surrounding years, followed by a recovery, warrants further investigation into the cause.
• Consistent 0% officer compensation, while seemingly positive, can sometimes mask other forms of compensation or raise questions about the sustainability of leadership without direct pay.

Strengths

The following positive indicators were identified for Clarion Project Inc:

• Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
• Healthy asset growth over the past decade, from $1,422,564 in 201512 to $3,753,463 in 202312, demonstrating financial prudence.
• Generally stable revenue base, consistently attracting significant funding over many years.
• Long history of IRS 990 filings (13 filings), providing extensive financial transparency and historical data for analysis.

Frequently Asked Questions about Clarion Project Inc

Filing History

IRS 990 filing history for Clarion Project Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Clarion Project Inc's revenue has grown by 53.7%, moving from $1.6M to $2.5M. Total assets increased by 333% over the same period, from $867K to $3.8M. Total functional expenses rose by 91.3%, from $1.2M to $2.3M. In its most recent filing year (2023), Clarion Project Inc reported a surplus of $150K, with revenue exceeding expenses. The organization holds $101K in liabilities against $3.8M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $3.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.5M, expenses of $2.3M, and assets of $3.8M (revenue +53.0% year-over-year).
• 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $3.6M (revenue -39.1% year-over-year).
• 2021: Revenue of $2.6M, expenses of $1.9M, and assets of $3.8M (revenue -0.5% year-over-year).
• 2020: Revenue of $2.7M, expenses of $2.3M, and assets of $3.2M (revenue -1.6% year-over-year).
• 2019: Revenue of $2.7M, expenses of $2.5M, and assets of $2.7M (revenue -0.2% year-over-year).
• 2018: Revenue of $2.7M, expenses of $2.4M, and assets of $2.4M (revenue -9.8% year-over-year).
• 2017: Revenue of $3.0M, expenses of $2.5M, and assets of $2.3M (revenue +19.3% year-over-year).
• 2016: Revenue of $2.5M, expenses of $2.1M, and assets of $1.7M (revenue +7.7% year-over-year).
• 2015: Revenue of $2.3M, expenses of $2.7M, and assets of $1.4M (revenue -3.6% year-over-year).
• 2014: Revenue of $2.4M, expenses of $2.5M, and assets of $1.7M (revenue +2.1% year-over-year).
• 2013: Revenue of $2.4M, expenses of $1.7M, and assets of $1.8M (revenue +73.0% year-over-year).
• 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $1.1M (revenue -14.5% year-over-year).
• 2011: Revenue of $1.6M, expenses of $1.2M, and assets of $867K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Clarion Project Inc:

Data Sources and Methodology

This transparency report for Clarion Project Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.