Community Shares USA

Analysis

Community Shares USA is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Community Shares USA reported income of $50k and spending of $50k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $60k to $50k (-16%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Shares USA sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Johnsonburg Community TR Inc ($50k), The Miss America Foundation Inc ($50k) and Gilo Charity Fund ($50k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.5% and program service revenue 70% of the total. At year end it held assets of $33k against liabilities of $1,224, net assets of $32k.