Community Store House

Analysis

Community Store House is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in May 2004, 22 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 December 2022, Community Store House reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.3m to $1.1m (-16%), an average of -5.8% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Store House sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Animal Agriculture Alliance ($1.1m), Heart Ministries Inc ($1.1m) and Hope Ranch of Missouri ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $56k (5.0% of expenses). Other salaries and wages came to $70k. At year end it held assets of $7,462 against liabilities of $284, net assets of $7,178. It reported 5 employees.