Communitas Inc

Analysis

Communitas Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in July 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Communitas Inc reported income of $18.8m and spending of $18.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.3m to $18.8m (+23%), an average of +5.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Communitas Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Tresco Inc ($18.8m), Community Action Program of Evansville and Vanderburgh County ($18.8m) and El Concilio California ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $300k (1.7% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $16.8m against liabilities of $10.4m, net assets of $6.5m. It reported 331 employees.