Community Tax Aid Inc

Analysis

Community Tax Aid Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1988, 38 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 Tax Aid Inc reported income of $377k and spending of $388k, spending 103% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $347k to $377k (+8.9%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Tax Aid Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include Ethiopian Community Center Inc ($377k), Prison Performing Arts ($377k) and Crozet Volunteer Fire Department Inc ($377k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $78k (20% of expenses). Other salaries and wages came to $159k. At year end it held assets of $667k against liabilities of $31k, net assets of $636k. It reported 15 employees.