Comprehend Properties Inc

Analysis

Comprehend Properties Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in December 1987, 39 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 2024, Comprehend Properties Inc reported income of $226k and spending of $272k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $187k to $226k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comprehend Properties Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Myanmar Chinese Association of New York Inc ($226k), Immerse the Nations Inc ($226k) and Junebug Mother and Child Inc ($226k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 28% of the total. At year end it held assets of $520k against liabilities of $1.4m, net assets of -$899k.

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.