Community Networks Inc
EIN: 550662121 · Martinsburg, WV · NTEE: L410
| Metric | Value |
|---|---|
| Total Revenue | $802K |
| Total Expenses | $797K |
| Net Assets | $528K |
Is Community Networks Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Community Networks Inc
Community Networks Inc (EIN: 550662121) is a nonprofit organization based in Martinsburg, WV, classified under NTEE code L410. The organization reported total revenue of $802K and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Networks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Networks Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $690K |
| Total Expenses | $797K |
| Surplus / Deficit | $-106,922 |
| Total Assets | $593K |
| Total Liabilities | $65K |
| Net Assets | $528K |
| Operating Margin | -15.5% |
| Debt-to-Asset Ratio | 11.0% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2024, Community Networks Inc reported a deficit of $107K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Community Networks Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.7% | -2.4% | -12.9% |
| 2023 | -28.8% | -19.6% | -10.2% |
| 2022 | +43.0% | +32.7% | +18.0% |
| 2021 | +3.2% | +29.6% | -0.4% |
| 2020 | +15.3% | -4.6% | +26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Community Networks Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Networks Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $107K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.0%.
Frequently Asked Questions about Community Networks Inc
Is Community Networks Inc a legitimate charity?
Community Networks Inc (EIN: 550662121) is a registered tax-exempt nonprofit based in West Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $802K. No red flags identified. Financial health grade: B.
How does Community Networks Inc spend its money?
Community Networks Inc reported $802K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Community Networks Inc tax-deductible?
Community Networks Inc is registered as a tax-exempt nonprofit (EIN: 550662121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Community Networks Inc located?
Community Networks Inc is headquartered in Martinsburg, West Virginia and files with the IRS under EIN 550662121. It is classified under NTEE code L410.
How many years of IRS 990 filings does Community Networks Inc have?
Community Networks Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $802K in total revenue.
Filing History
IRS 990 filing history for Community Networks Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Community Networks Inc's revenue has declined by 26.1%, moving from $934K to $690K. Total assets decreased by 26.2% over the same period, from $804K to $593K. Total functional expenses fell by 10.2%, from $887K to $797K. In its most recent filing year (2024), Community Networks Inc reported a deficit of $107K, with expenses exceeding revenue. The organization holds $65K in liabilities against $593K in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $528K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $690K | $797K | $593K | $65K | — | — |
| 2023 | $773K | $817K | $681K | $46K | — | View 990 |
| 2022 | $1.1M | $1.0M | $759K | $80K | — | View 990 |
| 2021 | $759K | $765K | $643K | $34K | — | — |
| 2020 | $736K | $591K | $646K | $31K | — | View 990 |
| 2019 | $638K | $619K | $510K | $40K | — | View 990 |
| 2018 | $680K | $690K | $485K | $34K | — | View 990 |
| 2017 | $716K | $790K | $507K | $46K | — | View 990 |
| 2016 | $673K | $778K | $588K | $54K | — | View 990 |
| 2015 | $838K | $878K | $689K | $51K | — | View 990 |
| 2014 | $772K | $818K | $740K | $62K | — | View 990 |
| 2013 | $765K | $806K | $779K | $56K | — | View 990 |
| 2012 | $934K | $887K | $804K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $690K, expenses of $797K, and assets of $593K (revenue -10.7% year-over-year).
- 2023: Revenue of $773K, expenses of $817K, and assets of $681K (revenue -28.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $759K (revenue +43.0% year-over-year).
- 2021: Revenue of $759K, expenses of $765K, and assets of $643K (revenue +3.2% year-over-year).
- 2020: Revenue of $736K, expenses of $591K, and assets of $646K (revenue +15.3% year-over-year).
- 2019: Revenue of $638K, expenses of $619K, and assets of $510K (revenue -6.1% year-over-year).
- 2018: Revenue of $680K, expenses of $690K, and assets of $485K (revenue -5.1% year-over-year).
- 2017: Revenue of $716K, expenses of $790K, and assets of $507K (revenue +6.4% year-over-year).
- 2016: Revenue of $673K, expenses of $778K, and assets of $588K (revenue -19.6% year-over-year).
- 2015: Revenue of $838K, expenses of $878K, and assets of $689K (revenue +8.5% year-over-year).
- 2014: Revenue of $772K, expenses of $818K, and assets of $740K (revenue +1.0% year-over-year).
- 2013: Revenue of $765K, expenses of $806K, and assets of $779K (revenue -18.0% year-over-year).
- 2012: Revenue of $934K, expenses of $887K, and assets of $804K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Networks Inc:
Data Sources and Methodology
This transparency report for Community Networks Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.