Community Mayors Inc

Analysis

Community Mayors Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Community Mayors Inc reported income of $60k and spending of $116k, spending 193% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $162k to $60k (-63%), an average of -22% a year. The sharpest change came in the year to March 2021, when income dropped by 59%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Mayors Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Friends of New Mexico Fisher House ($60k), Sayville Historical Society ($60k) and Keizer Youth Baskeball ($60k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.