Community Basics Inc

Analysis

Community Basics Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in August 1998, 28 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 (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 Basics Inc reported income of $3.9m and spending of $2.0m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.9m (+218%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Basics Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include River Parks Foundation ($3.9m), Argent Foundation ($3.9m) and Jewish Senior Life Foundation Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% of the total. Compensation of current officers, directors and key employees was $120k (6.1% of expenses). Other salaries and wages came to $760k. At year end it held assets of $9.7m against liabilities of $4.4m, net assets of $5.3m. It reported 16 employees.