Crystal Run Borrower Corporation

Analysis

Crystal Run Borrower Corporation is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Crystal Run Borrower Corporation reported income of $93k and spending of $134k, spending 144% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $40k to $93k (+135%), an average of +135% a year. The sharpest change came in the year to June 2023, when income rose by 135%. Over the whole period it spent 147% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crystal Run Borrower Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Family Life Ministries ($93k), Navajostrong ($93k) and Faith in Action of Edgar County ($93k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $245k against liabilities of $689k, net assets of -$443k.