Compasspoint Nonprofit Services

Analysis

Compasspoint Nonprofit Services is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1996, 30 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, Compasspoint Nonprofit Services reported income of $1.7m and spending of $3.5m, spending 210% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $1.7m (-54%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 299%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Compasspoint Nonprofit Services sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Apparo Solutions Inc ($1.7m), Goodwill Industries of Dallas Foundation Inc ($1.7m) and Green Lake Renewal Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $549k (16% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.3m against liabilities of $409k, net assets of $3.9m. It reported 28 employees.