Community Assistance Fund Inc

Analysis

Community Assistance Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2023, 3 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, Community Assistance Fund Inc reported income of $658k and spending of $656k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $849k to $658k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Assistance Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Ogallala Commons Inc ($658k), Washington State Community Connectors ($658k) and Testicular Cancer Foundation ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $28k, net assets of $55k.