Community Alternative Residential Environments Inc

Analysis

Community Alternative Residential Environments Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Alternative Residential Environments Inc reported income of $1.5m and spending of $1.6m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.5m (+0.7%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Alternative Residential Environments Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Long Grove Business and Communitypartners ($1.5m), Erie Canalway Heritage Fund Inc ($1.5m) and Park Central Development Corporation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $225k. At year end it held assets of $14.2m against liabilities of $7.0m, net assets of $7.1m.