Community Vibes Garage

Analysis

Community Vibes Garage is a registered charity in United States, based in Newbury Park, CA. It received its IRS tax-exemption ruling in March 2022, 4 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 (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 Vibes Garage reported income of $90k and spending of $84k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $90k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Vibes Garage sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Energy Florida Inc ($90k), C R I Commercial Services ($90k) and Startupsac ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. At year end it held assets of $8,098 against liabilities of $0, net assets of $8,098.