Compass Community

Analysis

Compass Community is a registered charity in United States, based in N Myrtle BCH, SC. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Compass Community reported income of $227k and spending of $244k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $205k to $227k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Compass Community sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Via Christi Society ($226k), Hope Redefined ($227k) and New Fire for Christ ($226k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $68k. At year end it held assets of $1.0m against liabilities of $94k, net assets of $923k. It reported 6 employees.