Community Guilds Inc

Analysis

Community Guilds Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. 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 2023, Community Guilds Inc reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $832k to $2.0m (+141%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Guilds Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Crossroads Safehouse & Services Inc ($2.0m), Students of Georgetown Inc ($2.0m) and Blue Ridge Community College Educational Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $121k (5.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $992k against liabilities of $44k, net assets of $948k. It reported 36 employees.