Community Financial Service

Analysis

Community Financial Service is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Community Financial Service reported income of $173k and spending of $190k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $173k (+5.7%), an average of +5.7% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Financial Service sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Giving Hope Foundation Inc ($173k), Gospel to the Nations Inc ($173k) and Waipahu Community Adult Day Health Center & Youth Day Care Center ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $19k against liabilities of $48k, net assets of -$29k.