Contentment Place Communcities Corporation

Analysis

Contentment Place Communcities Corporation is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in December 2020, 6 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, Contentment Place Communcities Corporation reported income of $885k and spending of $510k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $7 to $885k (+12637986%), an average of +35450% a year. The sharpest change came in the year to December 2022, when income rose by 5543686%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Contentment Place Communcities Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Studer Community Institute Inc ($885k), Government Training Services Inc ($885k) and Manaus ($884k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.1m against liabilities of $708k, net assets of $2.4m.