The Crenulated Company Ltd

Analysis

The Crenulated Company Ltd is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Crenulated Company Ltd reported income of $10.4m and spending of $10.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $7.2m to $10.4m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Crenulated Company Ltd sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Augusta Homes ($10.4m), New Economics for Women ($10.4m) and Casa ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $9.4m against liabilities of $6.3m, net assets of $3.1m. It reported 285 employees.