Community Resource Exchange

Analysis

Community Resource Exchange is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1982, 44 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Resource Exchange reported income of $4.0m and spending of $3.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.4m to $4.0m (-11%), an average of -2.9% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Resource Exchange sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Verde ($4.0m), Building for the Arts Ny Inc ($4.0m) and West Kentucky Workforce Development Board ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $271k (7.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.6m against liabilities of $345k, net assets of $4.2m. It reported 33 employees.