Community Action of Etowah County Inc

Analysis

Community Action of Etowah County Inc is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in February 1989, 37 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 October 2023, Community Action of Etowah County Inc reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.5m to $2.8m (+90%), an average of +18% a year. The sharpest change came in the year to October 2022, when income rose by 51%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Action of Etowah County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Santa Fe Community Housing TR ($2.8m), Mercy Housing Midwest ($2.8m) and Harmony Home Associated ($2.8m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $138k (4.7% of expenses). Other salaries and wages came to $143k. At year end it held assets of $694k against liabilities of $783k, net assets of -$89k. It reported 7 employees.