Compass Inc

Analysis

Compass Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Compass Inc reported income of $3.4m and spending of $2.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.4m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Compass Inc 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 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Super Shot Inc ($3.4m), Arbor Place Inc ($3.4m) and McShin Foundation ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 12% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $4.7m against liabilities of $1.7m, net assets of $3.0m. It reported 33 employees.