Communicare Inc

Analysis

Communicare Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Communicare Inc reported income of $6.1m and spending of $6.1m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.3m to $6.1m (+171%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Communicare Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Bancroft Inc Workers Compensation Trust ($6.1m), High Rocks Educational Corporation ($6.1m) and Enterprise Center of Johnson County ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of -$8,288. It reported 57 employees.