Comserv Foundation Founded by Wayne Williams

Analysis

Comserv Foundation Founded by Wayne Williams is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Comserv Foundation Founded by Wayne Williams reported income of $457k and spending of $178k, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $185k to $457k (+146%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 148%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comserv Foundation Founded by Wayne Williams sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Childrens Academy for Education and Learning Inc ($457k), Grace International Childrens Foundation USA Inc ($457k) and For the Kids Org ($456k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 36% of the total. At year end it held assets of $1.8m against liabilities of $85k, net assets of $1.7m.