Community Enterprises Corporation

Analysis

Community Enterprises Corporation is a registered charity in United States, based in Freehold, NJ. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2023, Community Enterprises Corporation reported income of $3.0m and spending of $3.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.0m (+49%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 101% 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 Enterprises Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Philadelphia Theatre Company ($3.0m), Americas Automotive Trust ($3.0m) and Metropolitan Opera Guild Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $91k (2.9% of expenses). Other salaries and wages came to $709k. At year end it held assets of $2.6m against liabilities of $1.3m, net assets of $1.3m. It reported 20 employees.