Communities in Schools Laredo Inc

Analysis

Communities in Schools Laredo Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Communities in Schools Laredo Inc reported income of $2.5m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.5m (+87%), an average of +17% a year. The sharpest change came in the year to August 2020, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Communities in Schools Laredo Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Emerge Enterprises Inc ($2.5m), Philadelphia Chinatown Development Corp Chinatown Community Park ($2.5m) and Pa Treatment & Healing ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $65k (2.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.6m against liabilities of $425k, net assets of $1.2m. It reported 59 employees.