Community Connections Real Estate Foundation

Analysis

Community Connections Real Estate Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2004, 22 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Connections Real Estate Foundation reported income of $1.8m and spending of $1.2m, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.0m to $1.8m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Connections Real Estate Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Lynchburg Sheltered Industries Inc ($1.8m), Prosperus Detroit Micro Lending ($1.8m) and My City Rides ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $16k. At year end it held assets of $18.1m against liabilities of $7.9m, net assets of $10.2m.