Community Support Network Inc

Analysis

Community Support Network Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Support Network Inc reported income of $565k and spending of $668k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $565k (-73%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 65%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Support Network Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within WI. Charities of a similar size with the same main cause include Community Knights Inc ($565k), Endeavor Colorado ($565k) and South Jersey Tourism Corporation a New Jersey Non-Profit Corporation ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $154k (23% of expenses). Other salaries and wages came to $316k. At year end it held assets of $353k against liabilities of $330k, net assets of $24k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.