Compass Inc

Analysis

Compass Inc is a registered charity in United States, based in Beltsville, MD. It received its IRS tax-exemption ruling in June 2010, 16 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 June 2023, Compass Inc reported income of $29.8m and spending of $26.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.7m to $29.8m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Compass Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Southwestern Exposition and Livestock Show ($29.8m), The Seventh Generation Fund for Indigenous Peoples Inc ($29.8m) and Westminster Village Inc ($29.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $385k (1.5% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $35.6m against liabilities of $18.5m, net assets of $17.1m. It reported 502 employees.