Community Budget Center of Craig

Analysis

Community Budget Center of Craig is a registered charity in United States, based in Craig, CO. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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, Community Budget Center of Craig reported income of $623k and spending of $571k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $623k (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Budget Center of Craig sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Sedona Adult Community Center Inc ($623k), Brunswick Fire Company No I Inc ($623k) and Louisiana Youth Seminar Inc ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $33k (5.8% of expenses). Other salaries and wages came to $247k. At year end it held assets of $243k against liabilities of $14k, net assets of $229k. It reported 19 employees.