Comunilife Inc

Analysis

Comunilife Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Comunilife Inc reported income of $67.2m and spending of $62.7m, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $39.4m to $67.2m (+71%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Comunilife Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Adventist Health Tulare ($67.2m), West Virginia Health Care Cooperative Inc ($67.2m) and Masters School ($66.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $1.3m (2.1% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $56.6m against liabilities of $36.6m, net assets of $20.0m. It reported 384 employees.