Comea Inc

Analysis

Comea Inc is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in August 1983, 43 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, Comea Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $575k to $1.2m (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Comea Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 86th percentile within WY. Charities of a similar size with the same main cause include Western New York Veterans Housing Coalition Inc ($1.2m), Salt Lake County Nmtc-Inc ($1.2m) and Tayan Alliances Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $82k (7.5% of expenses). Other salaries and wages came to $524k. At year end it held assets of $3.7m against liabilities of $365k, net assets of $3.4m. It reported 44 employees.