Communicare Industries Inc

Analysis

Communicare Industries Inc is a registered charity in United States, based in Elizabethtown, KY. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Communicare Industries Inc reported income of $564k and spending of $564k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $549k to $564k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Communicare Industries Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Essex County Community Organization ($563k), Foresight Foundation for Economic Equity ($564k) and Roaring Fork Community Development Corporation ($563k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $334k. At year end it held assets of $627k against liabilities of $627k, net assets of $0. It reported 173 employees.