Community Workshop Resources Corp

Analysis

Community Workshop Resources Corp is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Community Workshop Resources Corp reported income of $890k and spending of $545k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $890k (-20%), an average of -5.5% a year. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Workshop Resources Corp sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Cardus Inc ($890k), Asphalt Institute Foundation Inc ($890k) and Latrobe Community Revitalizationprogram Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. At year end it held assets of $5.0m against liabilities of $1.7m, net assets of $3.3m.