Community First

Analysis

Community First is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, 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 First reported income of $868k and spending of $734k, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $634k to $868k (+37%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community First sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Central Baptist Community Development Corporation ($868k), Apollo Foundation Inc ($868k) and Franklinton Development Association ($868k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $120k (16% of expenses). Other salaries and wages came to $169k. At year end it held assets of $156k against liabilities of $296k, net assets of -$140k. It reported 5 employees.