Community Property Inc

Analysis

Community Property Inc is a registered charity in United States, based in Wisc Rapids, WI. It received its IRS tax-exemption ruling in May 2008, 18 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Property Inc reported income of $131k and spending of $163k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $131k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 150% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Property Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within WI. Charities of a similar size with the same main cause include Prosper Ladies Association ($131k), Live 180 ($131k) and Mainstreet Redevelopment Association ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $2.7m against liabilities of $2.7m, net assets of $21k.

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.