Compass 31

Analysis

Compass 31 is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Compass 31 reported income of $198k and spending of $222k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $218k to $198k (-8.9%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Compass 31 sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within CO. Charities of a similar size with the same main cause include H a C E R Ministry Corp ($198k), Jaycees Horses for Healing Inc ($198k) and Border Solidarity ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.