Communities in Schools of Petersburg

Analysis

Communities in Schools of Petersburg is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Communities in Schools of Petersburg reported income of $651k and spending of $638k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $445k to $651k (+46%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Communities in Schools of Petersburg sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Vermont Association of Area Agencies on Aging Inc ($651k), Espina Project ($651k) and The Durham Museum Foundation ($651k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $470k. At year end it held assets of $104k against liabilities of $33k, net assets of $71k. It reported 13 employees.