Community Success Initiative Inc

Analysis

Community Success Initiative Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Community Success Initiative Inc reported income of $569k and spending of $566k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $569k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 124%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Success Initiative Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include United Connections Foster Family Agency ($569k), Friends International Inc ($570k) and Hutchinson Family Services Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $180k (32% of expenses). Other salaries and wages came to $191k. At year end it held assets of $596k against liabilities of $565k, net assets of $31k.