Community Assistance Network Inc

Analysis

Community Assistance Network Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Community Assistance Network Inc reported income of $8.0m and spending of $8.6m, spending 107% of what it took in. Across the 4 years on record, from August 2019 to September 2023, income grew from $5.5m to $8.0m (+47%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Assistance Network Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Indian Board of Education for the Pierre Indian School ($8.0m), The Episcopal Church Home Inc ($8.0m) and Friends & Family Inc ($8.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $145k (1.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.9m against liabilities of $2.1m, net assets of $1.8m. It reported 144 employees.