Overview
What is Community Tax Aid Inc?
Community Tax Aid Inc, situated in Washington D.C., is a dedicated nonprofit organization with a mission to support financially disadvantaged individuals and families in the metropolitan area. Through its activities, the organization offers free tax preparation services, education, and tax controversy assistance, empowering over 3,700 clients to secure approximately $8.4 million in combined federal and state tax refunds. The nonprofit's operations rely on the selfless contributions of 172 volunteers, whose time and expertise collectively equate to a substantial value of $125,091. Community Tax Aid Inc's commitment to its community is demonstrated through year-round volunteerism and strategic partnerships, ensuring high-quality, free tax-related assistance for those in need.
Official website here: www.communitytaxaiddc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Community Tax Aid Inc has achieved a commendable 97% rating, reflecting its strong performance in accountability and finance. This high rating is derived entirely from a single beacon score, highlighting the organization’s transparency and sound financial practices. The charity’s board is composed entirely of independent members, which underscores its commitment to governance and ethical standards.
Strengths of Community Tax Aid Inc include a robust program expense ratio of 84.59%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, the organization has established a thorough set of policies, including conflict of interest and whistleblower protections, which further enhance its accountability. The absence of any material diversion of assets also showcases its financial integrity.
While the financial metrics are solid, potential supporters may want to consider other aspects such as the charity's program effectiveness and community impact, which were not detailed in the provided data. Overall, Community Tax Aid Inc demonstrates strong governance and financial health, making it a trustworthy organization for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Community Tax Aid Inc legitimate?
Community Tax Aid Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Tax Aid Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $67,500
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For more financial information, click here
Official website here: www.communitytaxaiddc.org
What is the mission statement of Community Tax Aid Inc?
Community Tax Aid Inc's mission is centered around providing assistance to low-income taxpayers. They accomplish this through offering free tax return preparation and representation services on a year-round basis, leveraging volunteerism and partnerships. The organization's primary goal is to ensure that low-income individuals and families in various areas can benefit from substantial tax refunds. Through the efforts of over 170 volunteers, Community Tax Aid Inc managed to provide services valued at $125,091, ultimately enabling over 3,700 clients to secure $8.4 million in net federal and state tax refunds.
Official website here: www.communitytaxaiddc.org
Who is the CEO of Community Tax Aid Inc?
Teresa Hinze is the Chair Emeritis of Community Tax Aid Inc.
Official website here: www.communitytaxaiddc.org
What is the revenue of Community Tax Aid Inc?
Community Tax Aid Inc's revenue in 2022 was $483,429.
Official website here: www.communitytaxaiddc.org
Who are the executives of Community Tax Aid Inc and what are their salaries?
The average compensation at Community Tax Aid Inc during 2022 was $4,500. There are 15 employees and 172 volunteers at Community Tax Aid Inc.
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Official website here: www.communitytaxaiddc.org
Where can I find the form 990 for Community Tax Aid Inc?
Community Tax Aid Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitytaxaiddc.org
Learn more at the official website: www.communitytaxaiddc.org
Mission Statement of Community Tax Aid Inc
Community Tax Aid Inc, a dedicated organization, is committed to providing free tax preparation and counseling services to low-income individuals and families. Their mission is to offer high-quality assistance in tax return preparation and tax controversy resolution on a year-round basis, leveraging the power of volunteerism and partnerships. Through this work, Community Tax Aid Inc enables its clients to maximize their net federal and state tax refunds, thereby improving their financial well-being. With the support of over 170 volunteers, the organization provides valuable services worth over $125,091 to over 3,700 clients in the metropolitan Washington, DC area.
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Impact
July, 2024
Community Tax Aid Inc's impact can be seen in the form of over 3,700 low-income individuals and families in the metropolitan Washington, DC area being provided with tax preparation, taxpayer education, and tax controversy assistance. This enabled the clients to receive a total of $8.4 million in net federal and state tax refunds. The organization's 172 volunteers contributed services valued at $125,091, highlighting the substantial value provided to the community. Through its mission of providing high-quality, free tax return preparation and representation to low-income taxpayers year-round, Community Tax Aid Inc is making a significant public benefit in Washington, DC.
This information is meant to be a general summary of Community Tax Aid Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $60
- Program Service Revenue: $110,000
- Gross Receipts: $483,429
Assets and Liabilities:
- Total Assets: $659,964
- Total Liabilities: $12,805
- Net Assets: $647,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tax Preparation
Revenue
$110,000
Organization Details
Founding Year
1987
Phone
(202) 547-7773Principal Officer
Teresa Hinze
Main Address
1012 14th St NW Ste 425, Washington, DC, 20005
Website
www.communitytaxaiddc.orgNTEE Category
Code: W20 - Public benefit
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