Comap Inc

Analysis

Comap Inc is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 December 2023, Comap Inc reported income of $3.0m and spending of $3.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $3.0m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Comap Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Academy of Arts ($3.0m), Sierra Environmental & Social Service ($3.0m) and New Cumberland Ambulance Service Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $754k (24% of expenses). Other salaries and wages came to $256k. At year end it held assets of $6.2m against liabilities of $793k, net assets of $5.4m. It reported 10 employees.