Community 43

Analysis

Community 43 is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 2022, Community 43 reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $899k to $1.6m (+74%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community 43 sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Gratitude America Inc ($1.6m), Local 103 Ibew Educational Corp ($1.6m) and Guardians for New Futures Inc ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $70k (5.2% of expenses). Other salaries and wages came to $662k. At year end it held assets of $845k against liabilities of $0, net assets of $845k. It reported 9 employees.