Clefworks Inc

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Clefworks Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Clefworks 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 Clefworks Inc in one place.

Is Clefworks Inc Legit?

Some Concerns

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

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Where the Money Comes From and Where It Goes

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

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Clefworks Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Clefworks Inc

Clefworks Inc (EIN: 205249586) is a nonprofit organization based in Montgomery, AL, classified under NTEE code A20. The organization reported total revenue of $24K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clefworks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Clefworks Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Clefworks Inc reported a surplus of $4K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Clefworks Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.2%.

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 Clefworks 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: 85%
• fundraising: 5%

According to IRS 990 filings, Clefworks Inc 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 surplus of $4K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.6%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with latest revenue of $24,357.

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 Clefworks Inc's IRS 990 filings:

• Significant fluctuation in annual revenue, from $75,412 in 2016 to $23,495 in 2023, which could indicate inconsistent funding sources or program scale.

Strengths

The following positive indicators were identified for Clefworks Inc:

• Consistent 0% officer compensation reported across all filings, indicating highly efficient use of funds for programs.
• Strong transparency with 13 IRS 990 filings available.
• Positive net assets ($22,038 in 2023) and generally managed expenses below revenue in recent years, indicating financial prudence.
• Low liabilities, with $143 in 2023, suggesting good financial management.

Frequently Asked Questions about Clefworks Inc

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Clefworks Inc's revenue has declined by 68.4%, moving from $74K to $23K. Total assets decreased by 59.9% over the same period, from $55K to $22K. Total functional expenses fell by 73.1%, from $73K to $20K. In its most recent filing year (2023), Clefworks Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $143 in liabilities against $22K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $22K.

Year-by-Year Financial Summary

• 2023: Revenue of $23K, expenses of $20K, and assets of $22K (revenue -42.6% year-over-year).
• 2022: Revenue of $41K, expenses of $38K, and assets of $18K (revenue +27.5% year-over-year).
• 2021: Revenue of $32K, expenses of $50K, and assets of $15K (revenue -24.9% year-over-year).
• 2020: Revenue of $43K, expenses of $41K, and assets of $33K (revenue +39.0% year-over-year).
• 2019: Revenue of $31K, expenses of $43K, and assets of $31K (revenue -51.2% year-over-year).
• 2018: Revenue of $63K, expenses of $62K, and assets of $43K (revenue +22.9% year-over-year).
• 2017: Revenue of $51K, expenses of $52K, and assets of $42K (revenue -31.9% year-over-year).
• 2016: Revenue of $75K, expenses of $48K, and assets of $42K (revenue +17.9% year-over-year).
• 2015: Revenue of $64K, expenses of $83K, and assets of $15K (revenue -1.6% year-over-year).
• 2014: Revenue of $65K, expenses of $71K, and assets of $35K (revenue +10.4% year-over-year).
• 2013: Revenue of $59K, expenses of $63K, and assets of $40K (revenue +3.5% year-over-year).
• 2012: Revenue of $57K, expenses of $68K, and assets of $44K (revenue -23.5% year-over-year).
• 2011: Revenue of $74K, expenses of $73K, and assets of $55K.

View Individual Filing Years

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

Data Sources and Methodology

This transparency report for Clefworks 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.