Communities First Initiative Inc

Analysis

Communities First Initiative Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Communities First Initiative Inc reported income of $4.7m and spending of $66k, leaving 99% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 24625%. Over the whole period it spent 0.5% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Communities First Initiative Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Drug Enforcement Administration Survivors Benefit Fund Inc ($4.7m), United Way of Volusia-Flagler Counties Inc ($4.7m) and Community Foundation of the Upper Peninsula ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. At year end it held assets of $20.4m against liabilities of $1.8m, net assets of $18.7m.