Community Success Initiative Inc
Community Success Initiative Inc shows fluctuating revenue and increasing assets, with no reported officer compensation.
EIN: 161702165 · Raleigh, NC · NTEE: P20 · Updated: 2026-03-28
Is Community Success Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Success Initiative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Success Initiative Inc
Community Success Initiative Inc (EIN: 161702165) is a nonprofit organization based in Raleigh, NC, classified under NTEE code P20. The organization reported total revenue of $572K and total assets of $508K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Success Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Success Initiative Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $569K |
| Total Expenses | $566K |
| Surplus / Deficit | +$3K |
| Total Assets | $596K |
| Total Liabilities | $565K |
| Net Assets | $31K |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 94.8% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2023, Community Success Initiative Inc reported a surplus of $3K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 94.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Community Success Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.3% | -52.6% | +44.6% |
| 2022 | +45.6% | +28.0% | -46.7% |
| 2021 | +7.4% | +71.0% | +9.2% |
| 2020 | +123.6% | +38.9% | +1071.4% |
| 2019 | +47.9% | +60.5% | +212.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Success Initiative Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Community Success Initiative Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing all funds towards its programs and operational costs rather than executive salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Community Success Initiative Inc's IRS 990 filings:
- Significant revenue volatility, with a drop from over $1.3M in 2022 to under $600K in 2023.
- High liabilities in recent years, reaching $564,863 in 2023, which is nearly equivalent to its assets of $595,963.
Strengths
The following positive indicators were identified for Community Success Initiative Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Significant growth in assets from $4,013 in 2014 to $595,963 in 2023.
- Positive net income in the latest filing period (202312), with revenue exceeding expenses.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Community Success Initiative Inc
Is Community Success Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Success Initiative Inc (EIN: 161702165) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Community Success Initiative Inc spend its money?
Community Success Initiative Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Success Initiative Inc tax-deductible?
Community Success Initiative Inc is registered as a tax-exempt nonprofit (EIN: 161702165). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant drop in revenue from $1,333,976 in 2022 to $569,415 in 2023?
The IRS 990 filings show a substantial decrease in revenue, suggesting a potential loss of a major grant or funding source, or a shift in program scale.
What is the nature of the high liabilities, particularly the $564,863 reported in 2023?
Understanding the composition of these liabilities (e.g., program-related payables, deferred revenue, loans) is crucial for assessing the organization's financial risk and long-term stability.
How does Community Success Initiative Inc manage its cash flow given the revenue volatility?
With significant swings in annual revenue, effective cash flow management is critical to ensure continuous program delivery and operational stability.
Filing History
IRS 990 filing history for Community Success Initiative Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Community Success Initiative Inc's revenue has grown by 157.8%, moving from $221K to $569K. Total assets increased by 175700.3% over the same period, from $339 to $596K. Total functional expenses rose by 138%, from $238K to $566K. In its most recent filing year (2023), Community Success Initiative Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $565K in liabilities against $596K in assets (debt-to-asset ratio: 94.8%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $569K | $566K | $596K | $565K | — | — |
| 2022 | $1.3M | $1.2M | $412K | $68K | — | View 990 |
| 2021 | $916K | $934K | $773K | $567K | — | View 990 |
| 2020 | $853K | $546K | $708K | $573K | — | — |
| 2019 | $382K | $393K | $60K | $14K | — | View 990 |
| 2018 | $258K | $245K | $19K | $-573 | — | View 990 |
| 2017 | $192K | $167K | $17K | $10K | — | View 990 |
| 2016 | $83K | $92K | $4K | $22K | — | View 990 |
| 2015 | $121K | $133K | $4K | $66K | — | View 990 |
| 2014 | $132K | $145K | $4K | $51K | — | View 990 |
| 2013 | $185K | $187K | $2K | $13K | — | View 990 |
| 2012 | $251K | $234K | $-764 | $31K | — | View 990 |
| 2011 | $161K | $196K | $295 | $50K | — | View 990 |
| 2010 | $221K | $238K | $339 | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $569K, expenses of $566K, and assets of $596K (revenue -57.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $412K (revenue +45.6% year-over-year).
- 2021: Revenue of $916K, expenses of $934K, and assets of $773K (revenue +7.4% year-over-year).
- 2020: Revenue of $853K, expenses of $546K, and assets of $708K (revenue +123.6% year-over-year).
- 2019: Revenue of $382K, expenses of $393K, and assets of $60K (revenue +47.9% year-over-year).
- 2018: Revenue of $258K, expenses of $245K, and assets of $19K (revenue +34.7% year-over-year).
- 2017: Revenue of $192K, expenses of $167K, and assets of $17K (revenue +132.0% year-over-year).
- 2016: Revenue of $83K, expenses of $92K, and assets of $4K (revenue -31.6% year-over-year).
- 2015: Revenue of $121K, expenses of $133K, and assets of $4K (revenue -8.9% year-over-year).
- 2014: Revenue of $132K, expenses of $145K, and assets of $4K (revenue -28.4% year-over-year).
- 2013: Revenue of $185K, expenses of $187K, and assets of $2K (revenue -26.3% year-over-year).
- 2012: Revenue of $251K, expenses of $234K, and assets of $-764 (revenue +55.7% year-over-year).
- 2011: Revenue of $161K, expenses of $196K, and assets of $295 (revenue -27.1% year-over-year).
- 2010: Revenue of $221K, expenses of $238K, and assets of $339.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Success Initiative Inc:
Data Sources and Methodology
This transparency report for Community Success Initiative 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.