Community Reinvestment Foundation XV Inc

Analysis

Community Reinvestment Foundation XV Inc is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in November 2023, 3 years ago. 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 March 2024, Community Reinvestment Foundation XV Inc reported income of $162k and spending of $211k, spending 130% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $150k to $162k (+7.7%), an average of +1.9% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Reinvestment Foundation XV Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include National Charity League Inc San Fernando Valley Chapter ($162k), Foundation of Lancaster Chamber ($162k) and PTA California Congress of Parents Teachers & Students Inc ($162k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.1m against liabilities of $112k, net assets of $951k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.