Community Spirit Inc

Analysis

Community Spirit Inc is a registered charity in United States, based in Adams, TN. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Spirit Inc reported income of $248k and spending of $223k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $248k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Spirit Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Arizona Aloha Festivals Inc ($248k), Westside Sponsoring Committee ($248k) and McGroarty Arts Center ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. Other salaries and wages came to $87k. At year end it held assets of $132k against liabilities of $2,193, net assets of $130k. It reported 1 employees.