Community Networks Inc

Analysis

Community Networks Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Community Networks Inc reported income of $690k and spending of $797k, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $638k to $690k (+8.1%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Networks Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within WV. Charities of a similar size with the same main cause include Ahepa 250-Ii Inc ($690k), Destiny Housing Inc ($690k) and Spring City Elderly Housing Corp ($690k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $347k. At year end it held assets of $593k against liabilities of $65k, net assets of $528k. It reported 11 employees.