Clear Inc
EIN: 721456159 · Shreveport, LA · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $48K |
| Net Assets | $4K |
Is Clear Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clear Inc
Clear Inc (EIN: 721456159) is a nonprofit organization based in Shreveport, LA, classified under NTEE code X21. The organization reported total revenue of $71K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clear Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clear Inc is a micro nonprofit that has been operating for 26 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $48K |
| Surplus / Deficit | +$22K |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | 31.7% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2021, Clear Inc reported a surplus of $22K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2011–2021), Clear Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -72.8% | -81.6% | -49.3% |
| 2020 | -27.7% | -30.9% | +132.1% |
| 2019 | -11.9% | -3.6% | -62.1% |
| 2018 | +28.2% | +21.0% | +310.7% |
| 2017 | -1.9% | +6.1% | -71.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clear Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clear Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
Frequently Asked Questions about Clear Inc
Is Clear Inc a legitimate charity?
Clear Inc (EIN: 721456159) is a registered tax-exempt nonprofit based in Louisiana. It has 11 years of IRS 990 filings on record. Total revenue: $71K. No red flags identified. Financial health grade: A.
How does Clear Inc spend its money?
Clear Inc reported $71K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Clear Inc tax-deductible?
Clear Inc is registered as a tax-exempt nonprofit (EIN: 721456159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clear Inc located?
Clear Inc is headquartered in Shreveport, Louisiana and files with the IRS under EIN 721456159. It is classified under NTEE code X21.
How many years of IRS 990 filings does Clear Inc have?
Clear Inc has 11 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 $71K in total revenue.
Filing History
IRS 990 filing history for Clear Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Clear Inc's revenue has declined by 71.2%, moving from $245K to $71K. Total assets decreased by 33.8% over the same period, from $7K to $4K. Total functional expenses fell by 81.6%, from $261K to $48K. In its most recent filing year (2021), Clear Inc reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $71K | $48K | $4K | $0 | — | View 990 |
| 2020 | $259K | $262K | $9K | $27K | — | — |
| 2019 | $358K | $379K | $4K | $19K | — | View 990 |
| 2018 | $407K | $393K | $10K | $4K | — | View 990 |
| 2017 | $317K | $325K | $2K | $10K | — | View 990 |
| 2016 | $323K | $306K | $8K | $8K | — | View 990 |
| 2015 | $305K | $310K | $7K | $24K | — | View 990 |
| 2014 | $313K | $308K | $19K | $32K | — | View 990 |
| 2013 | $373K | $376K | $6K | $24K | — | View 990 |
| 2012 | $365K | $350K | $15K | $30K | — | View 990 |
| 2011 | $245K | $261K | $7K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $71K, expenses of $48K, and assets of $4K (revenue -72.8% year-over-year).
- 2020: Revenue of $259K, expenses of $262K, and assets of $9K (revenue -27.7% year-over-year).
- 2019: Revenue of $358K, expenses of $379K, and assets of $4K (revenue -11.9% year-over-year).
- 2018: Revenue of $407K, expenses of $393K, and assets of $10K (revenue +28.2% year-over-year).
- 2017: Revenue of $317K, expenses of $325K, and assets of $2K (revenue -1.9% year-over-year).
- 2016: Revenue of $323K, expenses of $306K, and assets of $8K (revenue +6.1% year-over-year).
- 2015: Revenue of $305K, expenses of $310K, and assets of $7K (revenue -2.6% year-over-year).
- 2014: Revenue of $313K, expenses of $308K, and assets of $19K (revenue -16.1% year-over-year).
- 2013: Revenue of $373K, expenses of $376K, and assets of $6K (revenue +2.2% year-over-year).
- 2012: Revenue of $365K, expenses of $350K, and assets of $15K (revenue +49.1% year-over-year).
- 2011: Revenue of $245K, expenses of $261K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clear Inc:
Data Sources and Methodology
This transparency report for Clear 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.