Causewave Community Partners Inc

Analysis

Causewave Community Partners Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1952, 74 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 December 2022, Causewave Community Partners Inc reported income of $725k and spending of $1.2m, spending 165% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $953k to $725k (-24%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. 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, Causewave Community Partners Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Ellis County Historical Society ($725k), North East Educational Foundation Inc ($725k) and Pembina County Council on Aged ($725k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $176k (15% of expenses). Other salaries and wages came to $668k. At year end it held assets of $829k against liabilities of $77k, net assets of $752k. It reported 25 employees.