Community Advocacy Resources & Education Services Inc

Analysis

Community Advocacy Resources & Education Services Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Community Advocacy Resources & Education Services Inc reported income of $145k and spending of $293k, spending 202% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $283k to $145k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Advocacy Resources & Education Services Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Peninsula Senior Center ($145k), Pikesville Senior Center Council ($145k) and Aspire Health Partners Foundation Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (47% of expenses). Other salaries and wages came to $95k. At year end it held assets of $2,780 against liabilities of $8,958, net assets of -$6,178. It reported 2 employees.