Community Action Network Inc

Analysis

Community Action Network Inc is a registered charity in United States, based in Springville, TN. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Community Action Network Inc reported income of $350k and spending of $199k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $350k (+238%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Action Network Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include United Church Residences of Rome Georgia Inc ($350k), Southwest Florida Gwi Housing VIII Inv ($350k) and Mesa Senior Meadows ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.4m against liabilities of $4,294, net assets of $1.4m. It reported 4 employees.