Choosewell Communities Inc

Analysis

Choosewell Communities Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 2015, 11 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 December 2023, Choosewell Communities Inc reported income of $208k and spending of $358k, spending 172% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $205k to $208k (+1.6%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Choosewell Communities Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include Restoration Ministries ($208k), Black Media Works Inc ($208k) and Himalayan Institute of Buffalo Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $154k. At year end it held assets of $87k against liabilities of $1,045, net assets of $86k. It reported 7 employees.