Community Initiatives Inc

Analysis

Community Initiatives Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in March 2001, 25 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 December 2023, Community Initiatives Inc reported income of $614k and spending of $762k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $715k to $614k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Initiatives Inc 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 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Grateful Hearts Childcare & Preschool Ltd ($614k), South Lockport Voluinteer Fire Co Inc ($614k) and Charles County Childrens Aid Society Inc ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). Other salaries and wages came to $359k. At year end it held assets of $589k against liabilities of $223k, net assets of $366k. It reported 32 employees.