Community Service Network Inc

Analysis

Community Service Network Inc is a registered charity in United States, based in Stoneham, MA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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 Service Network Inc reported income of $92k and spending of $239k, spending 261% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $2.5m to $92k (-96%), an average of -48% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Service Network Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Brody Michael Foundation ($92k), Bloomington Chamber Singers ($92k) and Lake County Food Pantry Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $100k (42% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.2m against liabilities of $89k, net assets of $1.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.