Comms Vnext

Analysis

Comms Vnext is a registered charity in United States, based in Lafayette, CO. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Comms Vnext reported income of $143k and spending of $190k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $235k to $143k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Comms Vnext sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include The Alpha Delta Phi Foundation Inc ($143k), Look What She Did ($143k) and Palmdale Community Foundation ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.