Communities in Schools of the Rocky Mount Region Inc

Analysis

Communities in Schools of the Rocky Mount Region Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 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, Communities in Schools of the Rocky Mount Region Inc reported income of $792k and spending of $975k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $792k (-52%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 60%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Communities in Schools of the Rocky Mount Region Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Community Senior Service Center Inc ($792k), Habitat for Humanity International Inc ($793k) and Lake Placid Volunteer Ambulance Service Inc ($792k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $553k. At year end it held assets of $203k against liabilities of $170k, net assets of $33k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.