Community Voices for 340b

Analysis

Community Voices for 340b is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Community Voices for 340b reported income of $411k and spending of $352k, spending 86% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $335k to $411k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Voices for 340b sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Top Kids Christian Academy Private School ($411k), Apprenticeship Education and Training Fund Inc ($411k) and Nu of Tau Kappa Epsilon Inc ($411k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $246k against liabilities of $30k, net assets of $215k.