Compass CBS Foundation

Analysis

Compass CBS Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Compass CBS Foundation reported income of $243k and spending of $216k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $243k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Compass CBS Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within AZ. Charities of a similar size with the same main cause include Friends of the Columbia River Gateway ($242k), Ashland Senior Community Center Inc ($243k) and Se Wi Roofing & Waterproofing Crafts Joint Apprenticeship & Trai ($242k).

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 $162k. At year end it held assets of $54k against liabilities of $0, net assets of $54k.