Investing in Communities

Analysis

Investing in Communities is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in August 2018, 8 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 June 2023, Investing in Communities reported income of $4.0m and spending of $2.3m, leaving 42% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $542k to $4.0m (+634%), an average of +171% a year. The sharpest change came in the year to June 2022, when income rose by 284%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Investing in Communities sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include National Fellowship Brethren Retirement Homes Incorporated ($4.0m), Hi-Line Retirement Center ($4.0m) and Family Promise of Washington County ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 0.1% of the total. Other salaries and wages came to $222k. At year end it held assets of $9.5m against liabilities of $1.8m, net assets of $7.7m.