Community Assistance Resources & Extended Services Inc

Analysis

Community Assistance Resources & Extended Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Community Assistance Resources & Extended Services Inc reported income of $325.6m and spending of $284.0m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $325.6m (+3331%), an average of +142% a year. The sharpest change came in the year to December 2021, when income rose by 973%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Assistance Resources & Extended Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Los Angeles County Developmental Service Foundation ($324.2m), Illinois Network of Child Care Resource and Referral Agencies ($330.5m) and Northeast Pennsylvania Center for Independent Living ($317.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.1m (0.7% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $221.0m against liabilities of $38.3m, net assets of $182.7m. It reported 504 employees.