Communitas America Inc

Analysis

Communitas America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2019, 7 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 December 2023, Communitas America Inc reported income of $1.4m and spending of $1.9m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $1.4m (+153%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 129%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Communitas America Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include San Antonio Positive Solutions Inc ($1.4m), Big Bend Area Health Education Center Inc ($1.4m) and Tamaqua Area Community Partnership ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $664k. At year end it held assets of $4.4m against liabilities of $3.2m, net assets of $1.2m. It reported 9 employees.