Communihealth Development Corporation

Analysis

Communihealth Development Corporation is a registered charity in United States, based in Bastrop, LA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Communihealth Development Corporation reported income of $116k and spending of $489k, spending 422% of what it took in. Across the 3 years on record, from July 2021 to July 2023, income fell from $428k to $116k (-73%), an average of -48% a year. The sharpest change came in the year to July 2023, when income rose by 17702%. Over the whole period it spent 179% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Communihealth Development Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within LA. Charities of a similar size with the same main cause include Loudoun Breast Health Network ($116k), Giving Voice Foundation ($116k) and Zip with US Inc ($116k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $11.5m against liabilities of $11.9m, net assets of -$430k.