Clay Foundation East
Clay Foundation East shows strong asset growth and no officer compensation, despite fluctuating revenues.
EIN: 200528294 · Raleigh, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $413K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.2M |
| Transparency Score | 85/100 |
Is Clay Foundation East Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clay Foundation East directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clay Foundation East
Clay Foundation East (EIN: 200528294) is a nonprofit organization based in Raleigh, NC, classified under NTEE code T20. The organization reported total revenue of $1.8M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clay Foundation East's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clay Foundation East is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 32.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $559K |
| Total Expenses | $413K |
| Surplus / Deficit | +$145K |
| Total Assets | $3.2M |
| Total Liabilities | $3K |
| Net Assets | $3.2M |
| Operating Margin | 26.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 93.6 months |
Financial Health Grade: A
In 2022, Clay Foundation East reported a surplus of $145K with revenue exceeding expenses, holds 93.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Clay Foundation East's revenue has grown at a compound annual growth rate (CAGR) of 32.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +29.7% | +9.5% | +4.7% |
| 2021 | -6.2% | +12.8% | +1.6% |
| 2020 | +42.5% | -4.2% | +4.5% |
| 2019 | -57.8% | +76.4% | -0.4% |
| 2015 | +53.6% | -1.1% | +22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Clay Foundation East 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: 85%
- fundraising: 5%
According to IRS 990 filings, Clay Foundation East 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $145K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly favorable, suggesting all funds are directed towards the mission or operational costs, especially for an organization with assets exceeding $3 million.
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 Clay Foundation East's IRS 990 filings:
- Significant revenue volatility, making financial planning potentially challenging.
- Lack of detailed expense breakdown in provided data prevents precise program efficiency calculation.
Strengths
The following positive indicators were identified for Clay Foundation East:
- Consistent asset growth, indicating financial stability and accumulation of resources.
- 0% officer compensation reported across all filings, demonstrating efficient use of funds for mission.
- Consistent IRS 990 filing history, indicating transparency and compliance.
- Latest revenue of $1,800,102 is significantly higher than previous years, suggesting increased capacity or donor support.
Frequently Asked Questions about Clay Foundation East
Is Clay Foundation East a legitimate charity?
Clay Foundation East (EIN: 200528294) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Clay Foundation East spend its money?
Clay Foundation East directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Clay Foundation East tax-deductible?
Clay Foundation East is registered as a tax-exempt nonprofit (EIN: 200528294). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Clay Foundation East CEO make?
Clay Foundation East's highest-compensated officer earns $3 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Clay Foundation East's spending goes to programs?
Clay Foundation East directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Clay Foundation East compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Clay Foundation East is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Clay Foundation East located?
Clay Foundation East is headquartered in Raleigh, North Carolina and files with the IRS under EIN 200528294. It is classified under NTEE code T20.
How many years of IRS 990 filings does Clay Foundation East have?
Clay Foundation East has 9 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 $1.8M in total revenue.
Is Clay Foundation East a good charity?
Based on the provided data, Clay Foundation East appears to be a good charity. It has a strong financial position with growing assets ($3,480,749), a history of consistent IRS 990 filings, and notably, reports 0% officer compensation, meaning no funds are used for executive salaries. This suggests a high dedication to its mission.
How has Clay Foundation East's financial health changed over time?
The organization's financial health has generally improved, particularly in asset growth, from $2,115,957 in 2011 to $3,480,749 currently. Revenue has been volatile, with a significant increase to $1,800,102 in the latest period, indicating potential for larger-scale operations compared to earlier years where revenue was often below $500,000.
What is the trend in the organization's expenses?
Expenses have generally increased over time, from $122,201 in 2011 to $413,344 in 2022. While there have been fluctuations, the overall trend is upward, aligning with the growth in assets and, in some periods, revenue.
Filing History
IRS 990 filing history for Clay Foundation East showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Clay Foundation East's revenue has grown by 2109.4%, moving from $25K to $559K. Total assets increased by 52.4% over the same period, from $2.1M to $3.2M. Total functional expenses rose by 238.2%, from $122K to $413K. In its most recent filing year (2022), Clay Foundation East reported a surplus of $145K, with revenue exceeding expenses. The organization holds $3K in liabilities against $3.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $559K | $413K | $3.2M | $3K | — | View 990 |
| 2021 | $431K | $377K | $3.1M | $3K | — | View 990 |
| 2020 | $459K | $335K | $3.0M | $7K | — | — |
| 2019 | $322K | $349K | $2.9M | $1 | — | — |
| 2015 | $764K | $198K | $2.9M | $1 | — | View 990 |
| 2014 | $498K | $200K | $2.4M | $1 | — | View 990 |
| 2013 | $206K | $148K | $2.1M | $1 | — | View 990 |
| 2012 | $33K | $133K | $2.0M | $1 | — | View 990 |
| 2011 | $25K | $122K | $2.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $559K, expenses of $413K, and assets of $3.2M (revenue +29.7% year-over-year).
- 2021: Revenue of $431K, expenses of $377K, and assets of $3.1M (revenue -6.2% year-over-year).
- 2020: Revenue of $459K, expenses of $335K, and assets of $3.0M (revenue +42.5% year-over-year).
- 2019: Revenue of $322K, expenses of $349K, and assets of $2.9M (revenue -57.8% year-over-year).
- 2015: Revenue of $764K, expenses of $198K, and assets of $2.9M (revenue +53.6% year-over-year).
- 2014: Revenue of $498K, expenses of $200K, and assets of $2.4M (revenue +141.2% year-over-year).
- 2013: Revenue of $206K, expenses of $148K, and assets of $2.1M (revenue +531.3% year-over-year).
- 2012: Revenue of $33K, expenses of $133K, and assets of $2.0M (revenue +29.2% year-over-year).
- 2011: Revenue of $25K, expenses of $122K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clay Foundation East:
Data Sources and Methodology
This transparency report for Clay Foundation East 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.