Clarke Family Foundation
Clarke Family Foundation consistently operates at a deficit, relying on its substantial asset base.
EIN: 203312486 · Austin, TX · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.6M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| Net Assets | $13.1M |
| Transparency Score | 70/100 |
Is Clarke Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clarke Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clarke Family Foundation
Clarke Family Foundation (EIN: 203312486) is a nonprofit organization based in Austin, TX, classified under NTEE code T22. The organization reported total revenue of $15.6M and total assets of $12.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clarke Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clarke Family Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $562K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-447,979 |
| Total Assets | $13.1M |
| Total Liabilities | $1 |
| Net Assets | $13.1M |
| Operating Margin | -79.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.2 months |
Financial Health Grade: B
In 2023, Clarke Family Foundation reported a deficit of $448K with expenses exceeding revenue, holds 156.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Clarke Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -110.3% | +11.8% | -8.2% |
| 2021 | -77.9% | -15.6% | -1.1% |
| 2020 | +44.5% | +190.7% | +52.1% |
| 2019 | +1117.0% | +14.0% | +60.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Clarke Family Foundation with a Mission Score of 70 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Clarke Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $448K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Clarke Family Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, suggesting a highly lean or volunteer-driven executive structure for a foundation of its asset size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clarke Family Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (2021-2023), with expenses exceeding revenue.
- Negative revenue reported in 2022 ($-86,204), indicating significant investment losses or adjustments.
Strengths
The following positive indicators were identified for Clarke Family Foundation:
- Substantial and growing asset base, providing long-term financial stability.
- Minimal liabilities ($1 across all filings), indicating a very strong balance sheet.
- 0% reported officer compensation, suggesting efficient use of funds at the executive level.
- Consistent IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Clarke Family Foundation
Is Clarke Family Foundation a legitimate charity?
Clarke Family Foundation (EIN: 203312486) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $15.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Clarke Family Foundation spend its money?
Clarke Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Clarke Family Foundation tax-deductible?
Clarke Family Foundation is registered as a tax-exempt nonprofit (EIN: 203312486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Clarke Family Foundation's spending goes to programs?
Clarke Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Clarke Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Clarke Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Clarke Family Foundation located?
Clarke Family Foundation is headquartered in Austin, Texas and files with the IRS under EIN 203312486. It is classified under NTEE code T22.
How many years of IRS 990 filings does Clarke Family Foundation have?
Clarke Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.6M in total revenue.
Is Clarke Family Foundation financially sustainable given its recent operating deficits?
While the foundation has experienced operating deficits in recent years (e.g., $1,009,796 expenses vs. $561,817 revenue in 2023), its substantial asset base (over $13 million in 2023) provides a significant buffer. Sustainability depends on future investment performance and the foundation's ability to generate sufficient returns to cover its grant-making and operational expenses.
What is the primary source of the foundation's revenue?
As a private foundation with highly fluctuating revenue figures, including negative revenue in 2022, its primary revenue source is likely investment income and capital gains, rather than public donations or program service fees.
How does the foundation's asset growth compare to its spending?
The foundation's assets have grown significantly over the long term, from $1.1 million in 2011 to over $13 million in 2023. However, in recent years (2021-2023), assets have slightly decreased while expenses have consistently exceeded revenue, indicating that current spending is drawing down on the asset base.
Filing History
IRS 990 filing history for Clarke Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Clarke Family Foundation's revenue has grown by 845.5%, moving from $59K to $562K. Total assets increased by 1084.6% over the same period, from $1.1M to $13.1M. Total functional expenses rose by 1358.2%, from $69K to $1.0M. In its most recent filing year (2023), Clarke Family Foundation reported a deficit of $448K, with expenses exceeding revenue. The organization holds $1 in liabilities against $13.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $562K | $1.0M | $13.1M | $1 | — | View 990 |
| 2022 | $-86,204 | $1.1M | $13.6M | $1 | — | View 990 |
| 2021 | $840K | $1.0M | $14.8M | $1 | — | — |
| 2020 | $3.8M | $1.2M | $15.0M | $1 | — | — |
| 2019 | $2.6M | $409K | $9.8M | $1 | — | View 990 |
| 2015 | $216K | $359K | $6.1M | $1 | — | View 990 |
| 2014 | $253K | $94K | $6.3M | $1 | — | View 990 |
| 2013 | $5.1M | $77K | $6.2M | $1 | — | View 990 |
| 2012 | $57K | $75K | $1.1M | $1 | — | View 990 |
| 2011 | $59K | $69K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $562K, expenses of $1.0M, and assets of $13.1M.
- 2022: Revenue of $-86,204, expenses of $1.1M, and assets of $13.6M (revenue -110.3% year-over-year).
- 2021: Revenue of $840K, expenses of $1.0M, and assets of $14.8M (revenue -77.9% year-over-year).
- 2020: Revenue of $3.8M, expenses of $1.2M, and assets of $15.0M (revenue +44.5% year-over-year).
- 2019: Revenue of $2.6M, expenses of $409K, and assets of $9.8M (revenue +1117.0% year-over-year).
- 2015: Revenue of $216K, expenses of $359K, and assets of $6.1M (revenue -14.8% year-over-year).
- 2014: Revenue of $253K, expenses of $94K, and assets of $6.3M (revenue -95.0% year-over-year).
- 2013: Revenue of $5.1M, expenses of $77K, and assets of $6.2M (revenue +8907.7% year-over-year).
- 2012: Revenue of $57K, expenses of $75K, and assets of $1.1M (revenue -4.5% year-over-year).
- 2011: Revenue of $59K, expenses of $69K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clarke Family Foundation:
Data Sources and Methodology
This transparency report for Clarke Family Foundation 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.