Community Access Network Inc

Analysis

Community Access Network Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Access Network Inc reported income of $22.7m and spending of $13.2m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $22.7m (+268%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Access Network Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Southampton Hospital Association ($22.7m), Nebraska Organ Recovery System ($22.7m) and West Philadelphia Community Mental Health Consortium Inc ($22.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $562k (4.2% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $4.2m against liabilities of $2.4m, net assets of $1.7m. It reported 149 employees.