Community Shares Inc

Analysis

Community Shares Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Shares Inc reported income of $423k and spending of $404k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $439k to $423k (-3.8%), an average of -0.8% a year. The sharpest change came in the year to June 2024, when income rose by 194%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Shares Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include New London Volunteer Fire Department Inc ($422k), Curegrin Foundation ($423k) and Houston Jewish Geriatric Foundation Inc ($422k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $72k (18% of expenses). At year end it held assets of $650k against liabilities of $185k, net assets of $465k. It reported 4 employees.