Community Advance Inc

Analysis

Community Advance Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2022, Community Advance Inc reported income of $435k and spending of $259k, leaving 41% of income unspent that year. Across the 4 years on record, from July 2019 to July 2022, income grew from $309k to $435k (+41%), an average of +12% a year. The sharpest change came in the year to July 2020, when income rose by 182%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Advance Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include Abbas Arms Ministry ($435k), Helping Hand of Hope Inc ($435k) and Upper Cumberland Child Advocacy Center Inc ($435k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $62k (24% of expenses). Other salaries and wages came to $94k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 8 employees.