David R Clare and Margaret C Clare Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Declining revenue
David R Clare and Margaret C Clare Foundation is a 501(c)(3) organization based in Parsippany, New Jersey, registered in 1991, with $43,650 in FY2024 revenue. CharityIndex grades it F.
Po Box 218, Parsippany, NJ, 07054 EIN 65-0300004 Since 1991
Revenue (FY2024)
$44K
▼ 93.3% vs prior year
Expenses (FY2024)
$3.3M
Net assets
$462K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for David R Clare and Margaret C Clare Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating2 mo reserves · -7524% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For David R Clare and Margaret C Clare Foundation: 2 mo reserves · -7524% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for David R Clare and Margaret C Clare Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For David R Clare and Margaret C Clare Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 218, Parsippany, NJ, 07054
- City
- Parsippany
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $8.0M (FY2019) to $44K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $462K
Operating margin
-7523.6%
Spent more than it raised in the latest fiscal year.
Total assets
$462K
Total liabilities
$0
Net assets
$462K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,650▼93.3% | $3,327,723▼85.2% | $461,535▼87.6% | $461,535▼87.6% | 990PF |
| 2023 | $652,948▼51.8% | $22,544,557▼5.6% | $3,712,343▼86.2% | $3,712,343▼86.2% | 990PF |
| 2022 | $1,355,627▼79.7% | $23,871,260▲55.4% | $26,985,700▼46.4% | $26,985,700▼46.4% | 990PF |
| 2021 | $6,662,966▼71.8% | $15,362,469▲44.6% | $50,307,176▼15.2% | $50,309,560▼15.2% | 990PF |
| 2020 | $23,664,752▲195% | $10,627,729▲20.8% | $59,293,738▲27.8% | $59,293,738▲27.8% | 990PF |
| 2019 | $8,027,950 | $8,797,787 | $46,385,694 | $46,385,694 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is David R Clare and Margaret C Clare Foundation a legitimate nonprofit?
- Yes. David R Clare and Margaret C Clare Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 65-0300004, based in Parsippany, New Jersey. Donations are tax-deductible.
- What is David R Clare and Margaret C Clare Foundation's EIN?
- David R Clare and Margaret C Clare Foundation's Employer Identification Number (EIN) is 65-0300004.
- How much revenue does David R Clare and Margaret C Clare Foundation report?
- David R Clare and Margaret C Clare Foundation reported $43,650 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does David R Clare and Margaret C Clare Foundation have?
- CharityIndex grades David R Clare and Margaret C Clare Foundation F, based on financial health (reserves and operating margin).
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Data for David R Clare and Margaret C Clare Foundation (EIN 65-0300004) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.