Comserv Inc

Analysis

Comserv Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Comserv Inc reported income of $11.7m and spending of $11.7m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.2m to $11.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comserv Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Good Neighbors Inc ($11.7m), Illuminus Inc ($11.7m) and Bridge Steps ($11.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $172k (1.5% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $10.8m against liabilities of $3.6m, net assets of $7.2m. It reported 315 employees.