Community One Inc

Analysis

Community One Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community One Inc reported income of $2.5m and spending of $1.1m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $717k to $2.5m (+251%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community One Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Chatham Park South Cooperative ($2.5m), Westerly-Area-Rest-Meals-Warm-Inc ($2.5m) and Congregational Retirement Homes Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. Other salaries and wages came to $541k. At year end it held assets of $2.9m against liabilities of $11k, net assets of $2.8m. It reported 16 employees.