Compdrug

Analysis

Compdrug is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 June 2023, Compdrug reported income of $12.6m and spending of $12.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.0m to $12.6m (-10%), an average of -2.7% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Compdrug sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Second Wind Programs Inc ($12.6m), Catholic Charities Diocese of Worcester Inc ($12.6m) and Corner Stone Community Development Corporation ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.3m (10% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $9.5m against liabilities of $1.9m, net assets of $7.6m. It reported 112 employees.