The Clear Fund
The Clear Fund shows explosive revenue growth and zero reported officer compensation over a decade.
EIN: 208625442 · Oakland, CA · NTEE: T30 · Updated: 2026-03-28
Is The Clear Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Clear Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Clear Fund
The Clear Fund (EIN: 208625442) is a nonprofit organization based in Oakland, CA, classified under NTEE code T30. The organization reported total revenue of $284.8M and total assets of $288.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Clear Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Clear Fund is a major 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 52.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219.6M |
| Total Expenses | $115.6M |
| Surplus / Deficit | +$104.0M |
| Total Assets | $208.6M |
| Total Liabilities | $26.7M |
| Net Assets | $181.8M |
| Operating Margin | 47.4% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2023, The Clear Fund reported a surplus of $104.0M with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Clear Fund's revenue has grown at a compound annual growth rate (CAGR) of 52.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.4% | -24.2% | +77.4% |
| 2022 | -26.7% | -19.1% | -29.2% |
| 2021 | +76.2% | +141.0% | +68.6% |
| 2020 | +129.1% | +91.0% | +124.2% |
| 2019 | +41.8% | +27.1% | +66.6% |
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 The Clear Fund with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Clear Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $104.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.8%.
Executive Compensation Analysis
The Clear Fund consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size and revenue ($284 million latest revenue). This suggests either a fully volunteer executive leadership or that executive compensation is covered by an external entity, which warrants further investigation for complete transparency.
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 The Clear Fund's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided summary data (requires deeper 990 analysis)
- Unusually consistent 0% officer compensation for an organization of this scale, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for The Clear Fund:
- Exceptional revenue growth, demonstrating increasing donor support and impact potential.
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong asset base ($287,962,096) relative to liabilities, suggesting financial stability.
- Positive net income in most recent periods (e.g., 202312 revenue $219M vs. expenses $115M), allowing for reinvestment or reserve building.
- Long filing history (13 filings) indicates consistent compliance and transparency.
Frequently Asked Questions about The Clear Fund
Is The Clear Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, The Clear Fund (EIN: 208625442) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does The Clear Fund spend its money?
The Clear Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Clear Fund tax-deductible?
The Clear Fund is registered as a tax-exempt nonprofit (EIN: 208625442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Clear Fund a good charity?
Based on the provided financial data, The Clear Fund appears to be a very good charity. It demonstrates exceptional financial growth, strong asset accumulation, and a remarkable commitment to efficiency by reporting 0% officer compensation across all filings. This suggests a high dedication to program delivery and donor trust.
How has The Clear Fund's revenue grown over time?
The Clear Fund has experienced explosive revenue growth, increasing from $11,088,700 in 2014 to $284,803,740 currently, representing a more than 25-fold increase in less than a decade.
What is The Clear Fund's approach to executive compensation?
The Clear Fund consistently reports 0% officer compensation in all its IRS 990 filings. This indicates that no compensation is paid to officers directly from the organization's funds, which is a strong positive for financial efficiency and donor confidence.
Does The Clear Fund manage its assets and liabilities effectively?
Yes, The Clear Fund appears to manage its assets and liabilities effectively. Its latest assets of $287,962,096 significantly outweigh its liabilities, and it has consistently grown its asset base alongside its revenue, indicating sound financial stewardship.
Filing History
IRS 990 filing history for The Clear Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Clear Fund's revenue has grown by 16213.5%, moving from $1.3M to $219.6M. Total assets increased by 14441.4% over the same period, from $1.4M to $208.6M. Total functional expenses rose by 11127.2%, from $1.0M to $115.6M. In its most recent filing year (2023), The Clear Fund reported a surplus of $104.0M, with revenue exceeding expenses. The organization holds $26.7M in liabilities against $208.6M in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $181.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219.6M | $115.6M | $208.6M | $26.7M | — | — |
| 2022 | $151.0M | $152.4M | $117.5M | $39.7M | — | View 990 |
| 2021 | $206.2M | $188.3M | $166.0M | $86.8M | — | View 990 |
| 2020 | $117.0M | $78.1M | $98.4M | $37.1M | — | View 990 |
| 2019 | $51.1M | $40.9M | $43.9M | $21.5M | — | View 990 |
| 2018 | $36.0M | $32.2M | $26.3M | $14.1M | — | View 990 |
| 2017 | $29.5M | $26.8M | $20.6M | $12.2M | — | View 990 |
| 2016 | $18.4M | $18.6M | $13.7M | $8.0M | — | View 990 |
| 2015 | $17.6M | $15.4M | $12.4M | $6.5M | — | View 990 |
| 2014 | $11.1M | $9.6M | $8.2M | $4.5M | — | View 990 |
| 2013 | $6.6M | $5.4M | $5.6M | $3.4M | — | View 990 |
| 2012 | $2.5M | $2.3M | $2.4M | $1.3M | — | View 990 |
| 2011 | $1.3M | $1.0M | $1.4M | $595K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219.6M, expenses of $115.6M, and assets of $208.6M (revenue +45.4% year-over-year).
- 2022: Revenue of $151.0M, expenses of $152.4M, and assets of $117.5M (revenue -26.7% year-over-year).
- 2021: Revenue of $206.2M, expenses of $188.3M, and assets of $166.0M (revenue +76.2% year-over-year).
- 2020: Revenue of $117.0M, expenses of $78.1M, and assets of $98.4M (revenue +129.1% year-over-year).
- 2019: Revenue of $51.1M, expenses of $40.9M, and assets of $43.9M (revenue +41.8% year-over-year).
- 2018: Revenue of $36.0M, expenses of $32.2M, and assets of $26.3M (revenue +22.3% year-over-year).
- 2017: Revenue of $29.5M, expenses of $26.8M, and assets of $20.6M (revenue +60.3% year-over-year).
- 2016: Revenue of $18.4M, expenses of $18.6M, and assets of $13.7M (revenue +4.1% year-over-year).
- 2015: Revenue of $17.6M, expenses of $15.4M, and assets of $12.4M (revenue +59.0% year-over-year).
- 2014: Revenue of $11.1M, expenses of $9.6M, and assets of $8.2M (revenue +68.3% year-over-year).
- 2013: Revenue of $6.6M, expenses of $5.4M, and assets of $5.6M (revenue +163.6% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.3M, and assets of $2.4M (revenue +85.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.0M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Clear Fund:
Data Sources and Methodology
This transparency report for The Clear Fund 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.