Community Services Building Inc

Analysis

Community Services Building Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Community Services Building Inc reported income of $161k and spending of $165k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $156k to $161k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Services Building Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include Hand Up Housing of Arkansas ($161k), Ida S Gift Inc ($161k) and Burlington Area Community YMCA Endowment Foundation ($161k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. At year end it held assets of $1.2m against liabilities of $5,713, net assets of $1.2m.

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.