Community Financial Resources

Analysis

Community Financial Resources is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Financial Resources reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $429k to $1.0m (+137%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Financial Resources sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Veterans in Business Network ($1.0m), The Supreme Grand Lodge of the Ancient & Mystical Order Rosaecruc ($1.0m) and Centro Humanitario Para Los Trabajadores ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $190k (19% of expenses). Other salaries and wages came to $474k. It paid $33k in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $2.4m, net assets of $1.6m. It reported 7 employees.