Communityworx

Analysis

Communityworx is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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, Communityworx reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.3m (+10%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Communityworx sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Family Learning Center Inc ($1.3m), Wyoming State 4h Foundation ($1.3m) and Jordan Housing Corporation a Calif Nonprofit Public Benefit Corp ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $77k (5.5% of expenses). Other salaries and wages came to $653k. At year end it held assets of $4.8m against liabilities of $4.6m, net assets of $169k. It reported 57 employees.